An economic analysis of the 2023 corn crop shows it wasn’t budget friendly for farmers.
Brad Zwilling, vice president of data analysis with Illinois Farm Business Farm Management (FBFM), tells Brownfield…
“When we look at costs to produce corn in 2023, when we compare it to ‘22, they were higher in all areas of the state.” He says, “Even though we even had higher yields, we had greater fertility costs, seed costs, machinery depreciation and then also we had higher non-land costs and then also our land cost went up as well.”
He says that all added up to the most expensive corn crop planted.
