An ag economist says he expects farm returns to remain high in 2021.
Gary Schnitkey with the University of Illinois tells Brownfield that’s based on an estimate of four-dollar corn and $10.50 soybeans.
“We’re projecting returns to be, roughly, in the $200 per acre range,” Schnitkey said.
Schnitkey said while his estimates are based on Illinois values, he expects those numbers to be consistent across the Midwest. But he said it will likely lead to an eventual market correction in 2022 or beyond.