Economists at the University of Illinois are projecting record average grain farm revenue for 2021.

Gary Schnitkey says above average crop yields and commodity prices are driving the projection. “Given those two things, we are projecting right now a $325,000 revenue for 2021, which would be a record level.”

University of Illinois data shows a $325,000 average grain farm income would be a jump of $75,000 from 2020 and a leap of $251,000 from 2019.

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