2018 Illinois Farm Economics Summit

The Profitability of Illinois Agriculture
Managing Financial Stress

Overview

Great crops in many parts of the state this year, along with Market Facilitation Payments on soybeans, are helping to support incomes in 2018. Looking forward, the story of Illinois agriculture will continue to be one of managing volatility and financial stress. The stress has been brought on by low corn, soybean, and wheat prices, and especially the ongoing trade war with China. Producers and landowners continue to face a series of difficult management challenges as they grapple with adjusting to this highly volatile economic environment. 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 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 producers navigate these difficult times.

Speakers from the farmdoc team at the University of Illinois will explore the 2019 outlook for crop and livestock prices the short- and long-term outlook for grain prices, farm profitability outlook and management challenges, the next farm bill, long-term trends in grain prices, and prospects for farmland values. The format for the meeting will be fast-paced and allow plenty of time for questions from the audience.

Locations

Monday December 17, 2018
Mt Vernon, IL
DoubleTree
DoubleTree
222 Potomac Blvd.
Mt. Vernon, IL 62864
Phone: 618-244-7100
Tuesday December 18, 2018
Springfield, IL
Crowne Plaza
Crowne Plaza
3000 S. Dirksen Parkway
Springfield, IL 62703
Phone: 217-529-7777
Wednesday December 19, 2018
Peoria, IL
Par-A-Dice Hotel Casino
Par-A-Dice Hotel Casino
21 Blackjack Blvd.
East Peoria, IL 61611
Phone: 309-699-7711
Thursday December 20, 2018
Dekalb, IL
Faranda’s Banquet Center
  • Faranda’s Banquet Center
  • 302 Grove St.
  • Dekalb, IL 60115
  • Phone: 815-981-3304
Friday December 21, 2018
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 2019
8:50 - 9:20 AM
2019 Crop Return Outlook: Trade DisputesLeading to Lower Returns
9:20 - 9:50 AM
Management and Conservation in the Face of Lower Returns
9:50 - 10:10 AM
Break
10:10 - 10:40 AM
A Farm Bill Review and an Attempt to Look Ahead
10:40 - 11:10 AM
A New, New Era in Grain Prices?
11:10 - 11:40 AM
Farmland Values: Headwinds, Tailwinds, and Long- Term Prospects
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
Todd Kuethe
Assistant Professor, University of Illinois
Dale Lattz
University of Illinois
Nick Paulson
Associate Professor, University of Illinois
Gary Schnitkey
Professor, University of Illinois

Registration

Pre-registration for IFES Meetings is Closed.

  • Online registration closes December 10, 2018.
  • For Mail in Registration please complete the form in brochure and return with payment to the University of Illinois by December 10, 2018.
Meeting Registration Fee
  • The registration fee for each location is $85 per person.
  • Save $5 by registering online for $80. This fee includes all meeting materials, break refreshments, and lunch.
  • Registration at the door will be $90 per person, as space permits.
For all conference registration questions please contact

IFES 2018 Sponsors