Farm incomes top $200,000 for 2011

McMahon, Karen
February 2012
Farm Industry News;Feb2012, Vol. 45 Issue 2, p48
Trade Publication
The article reports on Illinois farm income data presented by University of Illinois economist Gary Schnitkey at an Illinois Farm Economics Summit which indicate that the average income on grain farms was likely over 200,000 U.S. dollars for 2011. The data, based from grain farms enrolled in the Illinois Farm Business Farm Management, also showed that high corn and soybean prices drove farm incomes to such levels. Schnitkey said, the outlook for 2012 grain prices is not as robust with corn.


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