Saturday, January 13, 2007

Illinois Farm Income Up

Illinois farm income rose in 2006 as reported by the Associate Press with increased corn yield and prices leading the way.

Illinois Farm Bureau spokesman John Hawkins said farm income will be pumped
up by the strong yields, coupled with grain futures contracts pushing $4 a
bushel for corn and topping $7 for soybeans, about twice as much as a year
ago."They're making money. The prices are almost double and the farmer is
getting a good return," Hawkins said.Officials say robust corn prices driven by
ethanol demand could persuade farmers to plant more corn and less soybeans next
year. Corn yields more grain than soybeans, so farmers can earn more money per
acre.

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