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HISTORIC VIEW/ECONOMICS
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| Commodity | 1950 | 1960 | 1970 | 1980 | 1990 | 1997 |
| ---Dollars--- | ||||||
| Corn, bu. | 1.59 | 1.00 | 1.37 | 3.14 | 2.36 | 2.70 |
| Soybeans, bu. | 2.49 | 2.23 | 2.90 | 7.62 | 5.85 | 6.55 |
| Wheat, all, bu. | 2.17 | 1.74 | 1.30 | 3.93 | 2.75 | 3.15 |
| Oats, bu. | .80 | .61 | .66 | 1.82 | 1.09 | 1.75 |
| Hay all, baled,ton | 21.30 | 19.50 | 24.50 | 55.50 | 70.00 | 103.00 |
| Sorghum, bu. | N/A | .82 | 1.12 | 2.94 | 2.09 | 2.40 |
| Beef Cattle, cwt. | 24.60 | 22.10 | 27.50 | 62.30 | 75.70 | 64.50 |
| Calves, cwt. | 27.50 | 23.90 | 33.70 | 72.20 | 119.00 | 102.00 |
| Hogs, cwt. | 18.00 | 15.40 | 23.20 | 38.50 | 53.90 | 51.10 |
| Lambs, cwt. | 25.30 | 18.10 | 27.00 | 58.80 | 53.10 | 85.00 |
| Milk cows, head | N/A | 207 | 303 | 1,200 | 1,150 | 1,110 |
| Milk, all, cwt. | 3.41 | 3.76 | 5.49 | 12.90 | 12.90 | 13.60 |
| Turkeys, lb. | .36 | .26 | .25 | .48 | .42 | .41 |
| Eggs, doz. | .31 | .29 | .35 | .53 | .65 | .62 |
| Wool, lb. | .52 | .44 | .33 | .69 | .35 | .43 |
* Marketing year average prices for grains. Calendar year prices for
livestock.
N/A-Not available
ILLINOIS CASH RECEIPTS FROM FARM MARKETINGS
| Commodity | 1960 | 1970 | 1980 | 1990 | 1997 |
| ---Million Dollars--- | |||||
| All Commodities | 1,999 | 2,809 | 7,951 | 7,779 | 9,276 |
| Crops | 839 | 1,499 | 5,627 | 5,336 | 7,339 |
| Livestock, Dairy and Poultry | 1,160 | 1,310 | 2,324 | 2,444 | 1,937 |
| Selected Commodities: | |||||
| Corn | 404 | 774 | 2,712 | 2,691 | 3,524 |
| Soybeans | 254 | 574 | 2,438 | 2,023 | 3,107 |
| Hogs | 418 | 592 | 1,036 | 1,206 | 1,011 |
| Cattle | 503 | 491 | 884 | 800 | 513 |
| Dairy Products | 149 | 153 | 324 | 326 | 311 |
| Wheat | 78 | 44 | 268 | 230 | 214 |
| Fruits & Vegetables | 32 | 38 | 74 | 87 | 90 |
Source: Economic Research Service, USDA
ILLINOIS AG SECTOR OUTPUT AND INCOME
Year |
Ag Sector Output 1/ |
Net Value Added 2/ |
Net Farm Income 3/ |
| --- Million Dollars --- | |||
| 1950 | 1,927 | 1,017 | 734 |
| 1960 | 2,129 | 836 | 534 |
| 1970 | 2,908 | 1,104 | 630 |
| 1980 | 7,347 | 1,916 | 112 |
| 1990 | 8,462 | 3,811 | 1,508 |
| 1997 | 9,807 | 4,628 | 2,186 |
| 1/ Gross value of the commodities and services produced. 2/ Contribution of the agricultural sector to the National economy. 3/ Farm operators' share of income from the sector's production. |
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Source: Economic Research Service, USDA
ILLINOIS FARM REAL ESTATE VALUES
| Year | Value Per Acre |
Cropland Rent Per Acre |
Total Value of Farmland & Buildings |
| -- Dollars -- | -- Million Dollars -- | ||
| 1950 | 174 | N/A | 5,521 |
| 1960 | 316 | N/A | 9,707 |
| 1970 | 490 | 36.40 | 14,455 |
| 1980 | 2,041 | 107.00 | 58,781 |
| 1990 | 1,405 | 99.40 | 39,902 |
| 1997 | 2,210 | 109.00 | 61,880 |
N/A--Not Available
VALUE OF ILLINOIS FARM EXPORTS
Commodity |
1980 |
1990 |
1997 |
Illinois' Rank |
| ---Million Dollars--- | ||||
| All commodities | 3,645 | 3,291 | 3,748 | 3 |
| Feed grains | 1,863 | 1,520 | 1,300 | 2 |
| Soybeans | 1,438 | 980 | 1,550 | 2 |
| Wheat | 166 | 255 | 151 | 13 |
| Hides & skins | 28 | 67 | 50 | 8 |
| Fats, oils & greases | 21 | 20 | 21 | 6 |
| Live animals & meat | 50 | 121 | 213 | 6 |
| Feeds & fodders | N/A | 81 | 90 | 7 |
| Seeds | N/A | 36 | 58 | 3 |
| Vegetables | N/A | 22 | 32 | 18 |
N/A--Not available.
Source: Economic Research Service, USDA