Looking at 2021 crop budget projections, an ag economist says government aid will be needed to stay out of the red.
Scott Irwin with the University of Illinois tells Brownfield on average Illinois corn and soybean farmers are expected to get close to break-even for 2020, but that is with the help of more than $100/acre government payments.
“If we look at 2021, without those payments we are looking at losses on corn of roughly $75 per acre possibly upwards of $100 per acre.