UIUC Provides Updated Corn, Soybean Budgets and Forecasts
Projected 2012 commodity prices suggest that 2012 will be a profitable year
Table 1 contains 2012 corn and soybean budgets for high-productivity farmland in central Illinois. Budgets for other Illinois regions are shown in the appendix. Along with 2012 budgets, Table 1 contains actual results for 2009 and 2010, as summarized from farms enrolled in Illinois Farm Business Farm Management (FBFM). Also shown are 2011 projections.
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