Projected net incomes on Illinois farms for 2019 and 2020

Projected net incomes on Illinois farms for 2019 and 2020

Net farm income on Illinois grain farms in 2019 is projected to decline considerably because of lower yields.

Gary Schnitkey, an ag economics professor at the University of Illinois, and colleagues Krista Swanson and Dale Lattz released a paper with projected net incomes this week.

Net farm incomes on Illinois grain farms are projected to decline more than $80,000 per farm from 2018 levels.

But, Schnitkey says low yields are being partially offset.

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