CASH RECEIPTS: TOTAL RECEIPTS FROM FARM MAREETINGS, ILLINOIS, BY COUNTIES l/ DISTRICT : DISTRICT : AND * 1988 I AND : 1988 COUNTY : 1,000 DOLLARS

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1 CASH RECEIPTS: TOTAL RECEIPTS FROM FARM MAREETINGS, ILLINOIS, BY COUNTIES l/ DISTRICT : DISTRICT : AND * 1988 I AND : 1988 COUNTY : COUNTY : 1,000 DOLLARS 1,000 DOLLARS BUREAU CARROLL HENRY JO DAVIESS LEE MERCER OGLE PUTNAM ROCK ISLAND STEPHENSON WHITESIDE WINNEBAGO NORTBWEST BOONE COOK DE EALB DU PAGE GRUNDY KANE EENDALL LAKE IASALLF, MC HENRY WILL NORTHEAST ADAMS BROWN FULTON HANCOCK HENDERSON KNOX MC DONOUGA SCHUYLER WARREN WEST DE WITT LOGAN HC LFAN MACON MARSHALL MASON MENARD PEORIA STARK TAEEWELL WOODFORD CENTRAL CBAMPAIGN FORD IROQUOIS XANKAltEE LIVINGSTON PIATT VBRMILION 125,055 80, ,333 76,623 91,807 62, ,584 22,921 37, , ,004 51,699 1,024,835 37,780 18, ,832 16,031 41,218 74,766 48,408 25, ,847 88,685 76, ,077 96,900 21,815 70,225 90,662 45,919 88,199 69,787 32,427 74, ,961 47,645 85, ,740 73,064 39,345 50,447 40,082 53,250 35,500 83,067 72, , ,322 59, ,689 84, ,503 64, ,940 BOND 36,942 CALHOUN 16,610 CASS 49,056 CHRISTIAN 95,528 GREENE 57,838 JERSEY 38,093 MACOUPIN 96,187 MADISON 71,481 MONTGOMERY 82,259 MORGAN 75,648 PIKE 90,190 SANGAMON 120,110 SCOTT 29,228 WEST SOUTHW'EST 859,171 CLARK 55,319 CLAY 33,824 COLES 61,054 CRAWFORD 45,536 CURBERLAND 38,541 DOUGLAS 68,392 EDGAR 86,038 EFFINGRAM 62,476 FAYETTE 52,440 JASPER 60,649 LAWRENCE 29,314 MARION 42,566 MOULTRIE 47,100 RICSLAND 34,911 SHELBY 90,480 EAST SOUTHEAST 808,639 ALEXANDER 10,032 CLINTON 91,730 JACKSON 29,680 JOHNSON 14,618 MONROE 39,115 PERRY 26,260 PULASKI 12,535 RANDOLPH 44,781 ST CLAIR 62,623 UNION 19,622 WASHINGTON 68,283 WIILIAMSON 11,222 SOUTHWEST 430,500 EDWARDS 26,184 FRANKLIN 20,580 GALLATIN 30,672 HAMILTON 30,028 EARDIN 2,964 JEFFERSON 32;526 MASSAC 14,895 POPE 6,886 SALINE 21,421 WABASH 22,485 WAYNE 53,616 WBITE 45,276 EAST 727,149 SOUTHEAST 307,534 ILLINOIS 6,182,225

2 1 receipts from all farm commodities in Illinois in 1988 totaled 6.2 billion dollars, down three percent from I, and down eight percent from Receipts from crops represented 64 percent of the total Illinois cash zipts, down from 65 percent in 1987 and 68 percent in 1986 of all farm receipts. Lower cash receipts from corn 1988 from 1987 were only partially offset by increases in, soybeans, wheat, hay, and other crops. Livestock zipts accounted for 36 percent of the Illinois total in 1988, up from 35 percent a year earlier, and up from 32 :ent in Higher livestock cash receipts were received in 1988 from cattle and calves, sheep and lambs, Keys, farm chickens, and eggs. n and soybeans accounted for 56 percent of the total cash receipts received by Illinois farmers in 1988, dcwn n 60 percent in 1987 and 64 percent in Cash receipts from the sale of corn, no longer the leading nodity in 1988, represented only 26 percent of the total State receipts, down from 32 percent in 1987 and 37 cent in Soybean receipts in 1988 accounted for 31 percent of all cash receipts, up from 28 percent the vious year, and 26 percent in Illinois cash receipts in 1988 from hogs of 17 percent and cattle and calves 13 percent, is identical to the proportion of total cash receipts contributed by each of these commodities in 7. A RECEIPTS PROM FARM MARKETINGS: Total and selected commodities, Illinois, calendar Years, : : : : : : nodity 1986 : 1987 : 1988 : 1986 : : : - 1,000 dollars - - Percent crops 4,558,262 4,114,437 3,927, rn 2,500,588 2,034,452 1,577, oybeans 1,770,316 1,752,218 1,901, heat 83, , , sts 3,566 6,743 9,516 SY 36,529 39,947 63, sgetable crops 31,701 34,162 36, ruit and nuts 19,201 16,605 16, ceenhouse and nursery 43,753 52,374 53, other crops 68,825 53,560 52, livestock C prod. 2,155,069 2,249,321 2,255,125 %ttle and calves 757, , ,081 vs 1,008,098 1,049,157 1,023,498 xiry products 338, , ,062 3w 37,556 39,357 53,685 neep and lambs 5,823 6,088 6,149 xkeys 3,154 5,752 15,683 nickens,farm 1,065 1, JO :her livestock h prod. 3,079 3,102 6, al receipts 6,713,331 6,363,758 6,182, ILLINOIS CASH FARM INCOME Y COMMODITIES 1988 WHEAT HOGS 17% 11

3 The Illinois 1988 net farm income (the amount left after deducting farm production expenses plus the adjustments in farm inventories from the realized gross farm income of farmers) totaled 1,192.E million dollars. This is down 15 percent from 1989 and the smallest net farm income in the State since In 1988, the net farm income in Illinois averaged $13,555 per farm, down 14 percent from the previous year and the smallest average per farm since Cash receipts from farmmarketings totaled 6,182.2 million dollars, down three percent from 1987 and is the smallest Illinois receipts since However, Illinois farmers received government payments, totaling 1,374.0 million dollars, down seven percent from REALIZED GROSS FARM INCOME: Illinois, l/ : Cash : : t Realized gross Calendar : receipts : Government I Non-money : other : farm income year : from farm : payments : income : farm income : Total : Average I marketinqs : : : all farms : ner farm Million dollars Dollars , , ,561.g ,557.E ,161.g ,834-O , ,363.E 1, , , , , , , ,251 77, ,383.g 80, , , ,854 81, ,949-O 96, , , , , , ,247 L/ Details may not add to totals because of rounding. REALIZED NET FARM INCOME AND MTAL NET FARM INCOME: Illinois, l/ Farm : Realized net : Net chanqe : Total net Calendar year : production : farm income : expenses : Total : Average : : all farms 2/ t ner farm t - Million dollars - Dollars in : farm income farm : Total : Average inventories : all farms 2/ : per farm - Million dollars - Dollars , ,422.g ,580.g , , , ,539.E , , ,142 10, ,262.g 11, , , ,133-1, , , , ,496.E 16, ,879.g 21, , , , , , , , ,664 1, ,702 1, ,540 1,358 14,924 1,402.g 15,763 1,192.E 13,555 A/ Details may not add to totals because of rounding. 2/ Of farm operators. 12

4 inois declined to the sixth leading state in exports of agricultural products in fiscal year 1989, with a total Jue of 2,638.3 million dollars, fractionally more than in 1988, and 24 percent more than in fiscal Exports '081 Illinois in 1989 accounted for 6.7 percent of the total U.S. exports of agricultural commodities, down frcnn 4 percent a year earlier. The five leading agricultural exporting states for FY 1989 were California, Nebraska, wa, Kansas and Texas. lich moved ahead of Illinois, (Nebraska, Kansas,.oduction as was Illinois. The drought of 1988 was the main cause of Illinois' drop in the rankings. The other states and Texas) were not affected as much in soybean and feed grain ports from Illinois in fiscal 1989, compared to 1988, for feed grains and products increased 11 percent, soybeans Id products decreased 26 percent, wheat and products increased 257 percent, live animals and meat increased 35!rcent, hides and skins decreased eight percent and fats, oils, and greases decreased seven percent. inois, in FY 1989, was the second leading State in exports of soybeans and its products, behind Iowa and third 1 feed grains and products behind Nebraska and Iowa. Exports of feed grains totaled 1,106.7 million dollars and kybean exports amounted to million dollars, and together accounted for 75 percent of the total Illinois jricultural exports. Of the total U.S. soybeans and feed grains exported in FY 1989, Illinois accounted for 15.2!rcent and 13.3 percent, respectively. I FY 1989, Illinois ranked 12th in the export of wheat with a total of million dollars. Illinois ranked nrenth in the export of live animals and meat with a total of million dollars. Also ranking seventh in the tion was the Illinois exports of hides and skins with a value of 62.6 million dollars. Illinois was the fourth bading State in exports of feeds and fodder with 88.1 million dollars. Exports of animal fats, at 20.1 million lllars, seeds of 14.5 million dollars, and a few other minor crops along with livestock products accounted for most the remainder of Illinois agricultural products exported in FY S. agricultural exports during FY 1989 totaled 39.7 billion dollars compared with 35.4 billion dollars the,evious year, or up 12 percent. Value of exports increased in FY 1989 for eleven commodities and decreased in nine mmodities. ILLINOIS AND UNITED STATES TOTAL EXPORTS, BY SELECTED COMMODITIES Commodities Fiscal Year Endinq September 30 : 1983 : 1984 : 1985 : 1986 : 1987 : 1988 : 1989 Million Dollars Feed Grains 8 Products : 1, ,316-O 1, ,106.7 Soybeans & Products : ,231.g ,016-E 1, , Wheat d Products : Live Animals 6 Meat (Ex.Poultry) : Bides 6 Skins : Fats, Oils, 8 Greases Total ILLINOIS : 2, ,930 2, ,144-O 2, , ,,638.3 UNITED STATES : 34, ,026.E 31,200.E 26,306.g , ,651.0 SOURCE : USDA, ERS (FATUS) PORT DETERMINATION: USDA's Economic Research Service (ERS) publishes estimates of U.S. agricultural export ntributions by State on a fiscal-year basis. These estimates are prepared by a major commodity group, based on e assumption that, for each commodity, a State contributes the same share as its share of production or rketings. For example, if Florida provides 90 percent of all oranges used for processing in the United States, contributes approximately 90 percent of all orange juice exports. However, where obvious distortions exist, this ocedure is amended accordingly. RANE OF TOP 10 STATES IN TH8 1980'S, BY VALUE OF EXPORTS State : 1980 : 1981 : 1982 : 1983 : 1984 : 1985 : 1986 : 1987 : 1988 : 1989 California Nebraska Iowa Kansas Texas Illinois Minnesota Indiana Washington - 9 Montana Arkansas 10 Ohio N. Carolina N. Dakota Source t Foreign Agricultural Trade of the United States, March/April

5 F- RBAI., ESTATE VALUES: Farmland and buildinqs, Illinois, Februarv 1, : Index : Value (Dollars) Year : February 1977=100 1 : Per acre : Total Million ,188 63, L/ 131 &/ 2,023 A/ 58, L/ 117 A/ 1,837 &/ 52, &/ 115 &/ 1,84-5 &/ 52, L/ 84 A/ 1,381 A/ 39, ,232 35, NA 1,149 32, NA 1,262 36, NA 1,388 39, NA 2/ 1,416 z/ 40,355 &/ April 1. g/ January 1. FARM ASSETS, DEBTS AND TAXES: Total Value Illinois, Farm Debt, Dec. 31 : Total Tax@8 Year : Farm Assets, Dec. 31 Total Fan : Real Estate : Total Farm : Real Estate : on Farm Property Million dollars dollars ,245 58,060 10,936 6, ,579 52,722 10,705 6, ,825 49,477 10,378 6, ,600 36,138 10,294 6, ,814 31,458 9,285 5, ,985 28,642 8,197 5, ,682 30,572 7,367 4, ,534 33,648 7,266 4,

Outline. Outlook for Crop Farm Income, Cash Rents, Farmland Prices, and Agricultural Credit. U.S. Corn Yield, U.S.

Outline. Outlook for Crop Farm Income, Cash Rents, Farmland Prices, and Agricultural Credit. U.S. Corn Yield, U.S. Outlook for Crop Farm Income, Cash Rents, Farmland Prices, and Agricultural Credit September 1st, 217 Outline Outlook for Crop Farm Income, Cash Rents, Farmland Prices, and Agricultural Credit Gary Schnitkey,