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 DASA CONTRACTUAL POLICY MANUAL Illinois Department of 2015-2025

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hello I'm Nick Paulson from the University of Illinois and today we'll be discussing the recently released Illinois crop budgets for 2025 we provide crop budgets for corn soybeans and wheat across the northern Central and Southern regions of Illinois our budget projections rely on the historical financial performance of actual Illinois Farms that we are able to track through our partners at Illinois Farm business farm management fbfm serves around 5,000 Farm operations and 12,000 Farm families across Illinois providing independent on Farm council with recordkeeping to inform Farm financial analysis business planning and tax management in general our 2025 projections show lower non-land production costs for corn and soybeans compared to 2024 this is primarily due to expected reductions in fertilizer and fuel costs our measure of land cost average cash rent by region is also projected down for 2025 however despite these cost reductions current price expectations suggest n

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