Spring 2015 Logan County
Farm Outlook Magazine

Special Feature
2014 Year in review
John Fulton County Extension Director University of Illinois Extension
 

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[March 27, 2015]  2014 was a year of trials and rewards. The trials were the weather at the beginning of the season, and at the end. Dry, followed by wet, followed by more wet weather taxed producers time and talents.

The rewards came in the form of exceptional corn yields. The old record of 198.1 set in 2013 was blown away by 32.7 bushels per acre in Logan County. The 2014 crop averaged a whopping 230.8 bushels per acre for Logan County.

The soybean yield was also a record setter at 63.7 bushels per acre, eclipsing the former record of 57.6 established in 2010. This yield was somewhat diminished by the effects of sudden death syndrome disease, and to some extent, white mold.

Total production amounted to 46,156,000 bushels of corn and 8,682,000 bushels of soybeans for Logan County.

If you think agriculture isn’t big business, apply a few math skills, and you can come up with economic impact. Figure soybeans at about $10 per bushel and corn at $3.50 as some average price guesses, and you come up with some very large numbers.

 

Of course, it’s important to point out farming is not a high margin business in most years. Most of that income is passed along to suppliers of equipment, inputs, services, and living expenses. On average 90 percent of the amount farmers take in is passed along, and the rest goes back into the business – or toward the family living expenses of the farm family.

While the larger supply of corn and soybeans dropped prices for grain farmers, it provided (or will provide) less costly feed for those with livestock. The prices often take as much as a year to go through the chain from one end to the other.

Beef prices are at historic highs, and pork prices had historic highs and are now headed lower in a hurry. The supply of beef is at a low level, and with the prices, many producers are retaining more cattle for breeding instead of selling. This makes the supply even smaller for the time being.

Pork producers were confronted with the PED virus, which killed untold numbers of small pigs. This also led to a decreased supply of pork for a short period of time. These good years help negate the effects of some years where the losses for livestock producers were enormous.

A few interesting facts were highlighted in changes of the 2012 Census of Agriculture.

One is the fact farm numbers are increasing. Contrasted is the number of acres per farm actually increased this census. That means farm size is increasing faster than the number of small, specialty producers for the first time in a while.

The highest number of farms in the county falls in the 10 to 49 acre group. Second most common is the 50 to 179 acre group, and third is the over 1000 acre size. We even have almost 70 farms less than nine acres in size. Many of these numbers are driven by landlords who own land as a farm entity, then rent to the actual producers.

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The income side of things shows the largest number at the opposite ends of the spectrum. There are 200 farms with net income of less than $1000, and 162 with net income over $500,000 according to the 2012 census.

Logan County ranked sixth in pheasant production in the state – thanks to the hunting farms, and being the host of the state pheasant farm is quite appropriate. We also ranked fourth in chukar partridge production and sixth in quail.

What is ahead for agriculture on the local front? Millions are made and lost on that question. As we saw this past year, production is in the hands of Mother Nature. The cooler summer, with adequate rain, produced an ample crop. The larger supply, rapidly led to decreasing prices.

Expenses tend to fall somewhat slower, and this leads to a cash crunch for many producers. Large equipment orders have slowed down, and cost-saving measures are being implemented.

Stay tuned, as there are many curves ahead. Logan County is blessed with talented producers, outstanding supply and support services, and the natural resources to make this area a true “breadbasket of the country.”
 

 

Read all the articles in our new
Spring 2015 Logan County
Farm Outlook magazine

Title
CLICK ON TITLES TO GO TO PAGES
Page
2014 Year in Review 4
The year producers won the battle 7
How GMO regulations affect exports 9
GMOs and Biotechnology: Facts and Fiction 13
What are the impacts of last year? 16
Using corn storage as a hedge 20
Is fall tillage really necessary? 23
The cost of corn-on-corn 30
CASH RENT:  The Great Equalizer 34
Lowering your costs may increase your risks 37
Will lower fuels costs make farming profitable in 2015? 39
Mr. Allen and the Mount Pulaski FFA, a natural fit 40
Ag Scholarships 44
2014 County crop yields 52

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