Illinois Chapter of ASFMRA

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The Illinois Chapter was chartered in 1928 and has a proud heritage of empowering rural property professionals by providing education and promoting ethical and professional standards. The Chapter promotes the professions of farm management, agricultural consulting, and rural appraisal by holding meetings for the exchange of ideas, conducting education, and holding its members to a Code of Ethics and Standards of Professional Practice. 

The Chapter hosts three meetings annually.  The Annual meeting is held in February, followed by the annual Illinois Land Values Conference, which typically has over 200 attendees.  The Chapter rounds out the year with a Summer Tour, which is rotated around the state, and timing varies depending upon the seasonality of the location.   Their educational priorities include bringing members courses/classes to help maintain their professional designation, and ensuring that other education topics are timely and of interest to their members. The Chapter has a long history of supporting scholarship funding for the University of Illinois, Illinois State University, Western Illinois University, and Southern Illinois University.  In addition, the Chapter also produces their annual widely-recognized Land Values and Lease Trends Report.

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  • Trends in Income By Farm Type 2012-2016 (Sep 19, 2017)

    Illinois FBFM Association and Department of Agricultural and Consumer Economics
    University of Illinois
     
    Farm incomes can and do very greatly from year to year. As well, farm incomes vary by type of farm. This article will review trends in size, income for a group of Illinois FBFM member farms from 2012 to 2016. This group consists largely of grain farms with some livestock farms present as well. In 2016, 91.8% of the farms were classified as a grain farm; 1.6% were classified as a hog farm; 1.9% were classified as a dairy farm and 0.9 % were classified as a beef farm. There were 3.8% classified as other farm types. To be classified as a livestock farm of any type, the value of feed fed to the livestock enterprise must exceed 40% of the value of grain produced.
     
    The Labor-Mgmt Income reported in this article is a value that can be thought of as a 'wage' when comparing incomes of the self-employed to those who are not self-employed. Consider that the components of net farm income include a return to the operators' 1) labor, 2) management skills, and 3) a return on the operators' investment. Reducing net farm income by the return on the operators' investment yields a number that approximates the return on the operators' labor and management.

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