Source: Debra Levey Larson University of Illinois, SOUTHEAST FARM PRESS, 11/8/11

People who do freelance writing or sales can calculate how many hours they’ll have to work or how many widgets they’ll need to sell to net a certain income, but what about farmers?

University of Illinois Agricultural Economist Gary Schnitkey wanted to calculate some of the variables farmers have to juggle to determine how commodity prices and other costs combine to equal a net income of $50,000.

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