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KEEP FAMILY LIVING COSTS IN MIND –

KEEP FAMILY LIVING COSTS IN MIND – The total noncapital living expenses of the more than 1,200 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $79,798 – or $6,650 a month for each family last year. This average was 3.7 percent higher than in 2016. As you work on 2019 crop budgets, keep in mind that a 54-cent price change on 200 bushels per acre of corn is about equal to the average total family living expense per acre. (farmdocDAILY)

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