Understanding Increasing Debt Levels on Illinois Grain Farms

Agricultural debt on a nominal basis in Illinois has been increasing since 1991. Data from the U.S. Department of Agriculture (USDA) and Illinois Farm Business Farm Management (FBFM) are shown to see if increasing debt levels pose problems for the financial health of Illinois farms. With projected lower incomes and higher interest rates, increasing debt levels need to be monitored closely.

Publication Details

Journal
AgEcon Search (University of Minnesota, USA)
Published
2025-01-01
DOI
https://doi.org/10.22004/ag.econ.358553
Primary Topic
Agricultural Economics and Policy
Type
article
Field-Weighted Citation Impact
0.00
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article

Understanding Increasing Debt Levels on Illinois Grain Farms

AgEcon Search (University of Minnesota, USA)
Agricultural Economics and Policy
article

Understanding Increasing Debt Levels on Illinois Grain Farms

article en

Abstract

Agricultural debt on a nominal basis in Illinois has been increasing since 1991. Data from the U.S. Department of Agriculture (USDA) and Illinois Farm Business Farm Management (FBFM) are shown to see if increasing debt levels pose problems for the financial health of Illinois farms. With projected lower incomes and higher interest rates, increasing debt levels need to be monitored closely.

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Understanding Increasing Debt Levels on Illinois Grain Farms · AgEcon Search (University of Minnesota, USA) (2025) | TGRS Research Map | TGRS