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Abstract
Illinois crop budgets for 2025 are now available HERE in the Management section of the farmdoc website. Overall, projections are for lower production costs for corn and soybeans in 2025 compared with 2024. Projected cost reductions primarily come from lower fertilizer and fuel costs. Break-even prices to cover all costs, including cash rent for farmland, range from $4.60 to $4.66 per bushel for corn and $11.01 to $11.56 per bushel for soybeans. Despite lower cost projections, current expectations for corn and soybean prices suggest negative farmer returns to corn and soybeans across all regions of Illinois in 2025.