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The Profitability of Illinois Agriculture: Managing in a Turbulent World 


Dates & Locations

Monday, December 12, 2011 - Champaign, IL I Hotel and Conference Center

Tuesday, December 13, 2011 - Sycamore, IL Center for Agriculture

Wednesday, December 14, 2011 - Galesburg, IL Best Western Prairie Inn

Thursday, December 15, 2011 - Mt. Vernon, IL Holiday Inn

Friday, December 16, 2011 - Bloomington, IL Doubletree Hotel


Who Should Attend



In an era of unstable markets, the last year may be hard to top. Outside markets have endured near financial meltdowns in Europe, a downgrade in the U.S. cred-it rating, and political turmoil in the Middle East. In the midst of all this, Illinois agriculture generally experienced another year of exceptional returns. To no one’s surprise volatility has also been very high. Exhibit A is the 20% drop in corn and soybean prices in September 2011. Understanding the sources of this volatility and how to deal with these large risks is front and center in the minds of all producers. The University of Illinois Extension and members of the farmdoc team from the Department of Agricultural and Consumer Economics will be holding a series of five Farm Economics Summit meetings to help pro-ducers navigate this uncertainty.

Speakers from the farmdoc team at the University of Illinois will explore the farm profitability outlook and management challenges from several perspectives, including the direction of prices, government reports and data, estate planning, forecasting returns, crop insurance choices, and changes to farm programs. The format for the meeting will be fast-paced and allow plenty of time for questions from the audience.



7:45 - 8:15 Registration and Coffee

8:15 - 8:30 Introduction and Overview

8:30 - 9:00 Crop and Livestock Price Prospects for 2012

9:00 - 9:30 USDA – NASS Revealed: Procedures in Setting Crop, Livestock and Economic Estimates

9:30 - 10:00 Estate Planning in Uncertain Times

10:00 - 10:30 Break

10:30 - 11:00 Stress Testing Agricultural Returns in 2012 and Beyond

11:00 - 11:30 Crop Insurance – New Features, Programs, and Performance

11:30 - 12:00 An Overview of Proposed Changes to Farm Policy

12:00 - 12:30 Question & Answer / Wrap-Up

12:30 - 1:30 Lunch (Included)



Todd Gleason, Media Communications Specialist, University of Illinois

Darrel Good, Professor Emeritus, University of Illinois

Brad Schwab, USDA-NASS

Mark Schleusener, USDA-NASS

Gary Hoff, Extension Specialist, University of Illinois

Gary Schnitkey, Professor, University of Illinois

Bruce Sherrick, Professor, University of Illinois

Nick Paulson, Assistant Professor, University of Illinois



Registration at the door will be $65 per person as space permits.


Location Details

Monday, December 12, 2011 - Champaign, IL I Hotel and Conference Center
1900 S. 1st St.
Champaign, IL 61820
Phone: 217-819-5000

Tuesday, December 13, 2011 - Dekalb Co. Farm Bureau
Center for Agriculture
1350 W. Prairie Dr.
Sycamore, IL 60178
Phone: 815-756-6361

Wednesday, December 14, 2011 - Best Western Prairie Inn
300 S. Soangetaha Rd.
Galesburg, IL 61401
Phone: 309-343-7151

Thursday, December 15, 2011 - Holiday Inn
222 Potomac Blvd.
Mt. Vernon, IL 62864
Phone: 618-244-7100

Friday, December 16, 2010 - Doubletree Hotel
10 Brickyard Dr.
Bloomington, IL 61701
Phone: 309-664-6446


More Information

For any questions you may have, please contact:

Sue Esposito

Phone: 217-333-5506

Fax: 217-333-2312



Sponsored by:


Department of Agricultural and Consumer Economics    College of Agricultural, Consumer and Environmental Sciences
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