Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 10/20/17


In 2016, the total noncapital living expenses of 1,333 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) average was $76,916--or $6,410 a month for each family. This average was 2.1 percent lower than in 2015. Another $5,344 was used to buy capital items such as the personal share of the family automobile, furniture, and household equipment. Thus, the grand total for living expenses averaged $82,260 for 2016 compared with $84,779 for 2015, or a $2,519 decrease per family.

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