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  • Why U.S Farmers Own Farmland and What They Expect for Land Values
    Farm operators own farmland for many reasons, including current income, long-term investment, and family or sentimental reasons.  Using results from the August 2026 Purdue University-CME Group Ag Economy Barometer (AEB)…
  • Trying to Picture a Base Acre Update Through a Hypothetical Change in 2025 Payments
    Echoes of a failed vote on an unfinished Farm Bill can still be heard, although the rumble of much bigger news tends to drown them out. As just one example,…
  • Illinois Crop Budgets for 2027
    Despite increases in projected production costs, particularly for fertilizers and fuel, improved pricing prospects for the 2026 and 2027 crop years result in higher per acre return projections compared with recent years. However, projected returns remain below longer-run averages. Downward price movements could quickly shift marginally positive projected returns back into the red. Pricing more […]