Abstract

In 2015 and 2016, average net incomes on grain farms in Illinois are projected at levels similar to those from 1998 through 2002, the last time very low incomes occurred in agriculture. Current projections place average net income on Illinois grain farms at about $20,000 per farm, considerably below the $104,000 per farm average for 2014. At current projections of commodity prices, net incomes in 2016 likely will be low as well.

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