2017 Illinois Farm Economics Summit

The Profitability of Illinois Agriculture:

Managing Financial Stress

Overview

While very good crops in many parts of the state in 2016 helped incomes recover, the story of Illinois agriculture continued to be one of managing financial stress. The stress has been brought on by low corn, soybean, and wheat prices and costs of production that have adjusted somewhat slowly to the new price realities. Producers and landowners continue to face a series of difficult management challenges as they grapple with adjusting to the current environment of low grain prices. What is the prospect for a recovery in grain prices? Should cash rents be lower? And if so, how much? What strategies can be used to weather the current tough times? The Univer-sity 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 Eco-nomics Summit meetings to help producers navigate these difficult times.

Speakers from the farmdoc team at the University of Illinois will explore the farm profitability outlook and management challenges from several perspectives, includ-ing the 2018 outlook for crop and livestock prices, soybean yield trends, update on the next farm bill, financial position of Illinois farms, habits of financially resilient farm operations, and crop economics for 2018. The format for the meeting will be fast-paced and allow plenty of time for questions from the audience.

Locations

Monday December 18, 2017
Dekalb, IL
Faranda’s Banquet Center
Faranda’s Banquet Center
302 Grove St.
Dekalb, IL 60115
Phone: 815-981-3304
Tuesday December 19, 2017
Peoria, IL
Par-A-Dice Hotel Casino
Par-A-Dice Hotel Casino
21 Blackjack Blvd.
East Peoria, IL 61611
Phone: 309-699-7711
Wednesday December 20, 2017
Springfield, IL
Crowne Plaza
Crowne Plaza
3000 S. Dirksen Parkway
Springfield, IL 62703
Phone: 217-529-7777
Thursday December 21, 2017
Carlyle, IL
Bretz Wildlife Lodge and Winery
Bretz Wildlife Lodge and Winery
15469 State Route 127
Carlyle, IL 62231
Phone: 618-594-8830
Friday December 22, 2017
Champaign, IL
iHotel and Conference Center
I Hotel and Conference Center
1900 S. 1st. St.
Champaign, IL 61820
Phone: 217-819-5000

Program

7:45 - 8:15 AM 
Registration and Coffee
8:15 - 8:20 AM 
Introduction and Overview
8:20 - 8:50 AM
Agricultural Commodity Price Outlook for 2018
8:50 - 9:20 AM
What Is Up With Soybean Yields?
9:20 - 9:50 AM
Farm Policy Review and Outlook for the 2018 Farm Bill
9:50 - 10:10 AM 
Break
10:10 - 10:40 AM
Financial Position of Illinois Farms: Where We are At and Where to From Here
10:40 - 11:10 AM
Habits of Financially Resilient Farms
11:10 - 11:40 AM
Crop Economics: Crop Choice and Rental Decisions
11:40AM - 12:10 PM
Question & Answer / Wrap-Up
12:10 - 1:10 PM
Lunch (Included)

Speakers

Jonathan Coppess
Assistant Professor, University of Illinois
Todd Gleason 
Media Communications Specialist, University of Illinois
Todd Hubbs
Assistant Professor, University of Illinois
Scott Irwin
Professor, University of Illinois
Dwight Raab
CEO, Illinois FBFM
Dale Lattz
University of Illinois
Nick Paulson
Associate Professor, University of Illinois
Gary Schnitkey
Professor, University of Illinois

Registration

Meeting Registration Fee
The registration fee for each location is $70 per person. Save $5 by registering online for $65. This fee includes all meeting materials, break refreshments, and lunch. Registration at the door will be $75 per person, as space permits.
The registration fee for each location is $65 per person. This fee includes all meeting materials, break refreshments, and lunch. Registration at the door will be $75 per person as space permits.
Registration Deadlines
Please complete the registration form that appears on page two of this brochure and return it with payment to the University of Illinois by December 11, 2017.
For all conference registration questions please contact
Nancy Simpson
phone: 217-244-9687 from 8:00am to 4:00pm
email: nsimp1@illinois.edu