1 How ARMS Data is Used: An Illinois Perspective Gary Schnitkey University of Illinois

2 ARMS data already used extensively  Research (primarily in finance group)  State-level data will enhance ARMS use and usefulness

3 Linkages between ARMS and already existing data  Data already created at state, university, commodity group, other level –Budgets –State income estimates –Farm financial databases  Example: Illinois Farm Business Farm Management (FBFM)

4 Costs per acre, corn, 2002 ARMS Illinois FBFM Heartland North Central South Seed $32 $35 $34 $35 Fertilizer Chemicals Power Land Labor Other Total $327 $411 $416 $350 Yield/acre

5 Income estimates USDA FBFM ($ million) * NFI ** ,109$50, ,425 13, ,081 31, ,569 54, ,664 30, , E 51,800 * USDA estimates of aggregate Illinois net farm income ** FBFM estimate of net income per grain farm

6 USDA and FBFM: Trends over time FBFM USDA

7 Combinations between ARMS and existing data likely to be highly useful ARMS random sample, national coverage “State” detailed information about production processes, longitudinal

8 Additional information  Cropping practices * Household income  Costs and returns