Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 9/15/17


Farm incomes can and do very greatly from year to year. As well, farm incomes vary by type of farm. This article will review trends in size, income for a group of Illinois FBFM member farms from 2012 to 2016. This group consists largely of grain farms with some livestock farms present as well. In 2016, 91.8% of the farms were classified as a grain farm; 1.6% were classified as a hog farm; 1.9% were classified as a dairy farm and 0.9 % were classified as a beef farm. There were 3.8% classified as other farm types. To be classified as a livestock farm of any type, the value of feed fed to the livestock enterprise must exceed 40% of the value of grain produced.

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