How High Are Current Prices and Costs?
farmdoc University of Illinois
Published at : 07 Oct 2021
Published at : 07 Oct 2021
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Data from the National Agricultural Statistics Service (NASS) and Illinois Farm Business Farm Management Association (FBFM) for 1972 through 2020 was used to look at the prices Illinois farms received for grain compared to total economic costs when adjusted for inflation. Current grain prices we are seeing have not been this high since 2013. However, when we adjust the prices received and the associated economic costs for inflation, are things as high as they seem?
Zwilling, B. "How High Are Current Prices and Costs?." farmdoc daily (11):107, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, July 16, 2021.
https://farmdocdaily.illinois.edu/2021/07/how-high-are-current-prices-and-costs.html
Illinois FBFM
https://www.fbfm.org/
University of IllinoisfarmdocDAILYFBFM
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