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DECISION OUTREACH CENTRAL

Archive: 2001 Farm Income

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2001 - A Workshop Addressing Decision-Making Challenges in a Risky Environment

An extended period of low commodity prices, the writing of a new farm bill, new developments in biotechnology, and an uncertain economic outlook provide ample challenges for the farm business manager and farm related businesses. University of Illinois Extension and the Department of Agricultural and Consumer Economics will be conducting three workshops in December 2001 to address some of these challenges for the year ahead.

The workshops will include five breakout sessions on topics crucial to the success of a farm business. The “Traits of Successful Farming” is designed to help improve a farm’s profitability by showing factors separating more profitable from less profitable farms. The “Machinery” session shows tools for evaluating machinery performance on grain farms. The “Marketing” session focuses on helping producers to better understand marketing performance track records, the construction of market benchmarks and how new generation contracts might fit in a marketing plan. The “Ag Law” session includes a discussion of new developments, particularly in the areas of biotechnology, the landlord’s lien, and elevator insolvency. The “Crop Insurance” session presents the concepts, tools and guidelines necessary for making an informed decision on crop insurance.

2001 Presentations

Illinois Farm Income Situation for 2001

Dale Lattz, Paul Ellinger, and Gary Schnitkey
Department of ACE, University of Illinois

Outlook for Commodity Prices

Darrel Good
Department of ACE, University of Illinois

2002 Farm

Robert Hauser
Department of ACE, University of Illinois

Fast Tools

Paul Ellinger, Gary Schnitkey, Bruce Sherrick and Heather Dall
Department of ACE, University of Illinois

Traits of Successful Farms - Financial and Production Performance

Paul Ellinger, Gary Schnitkey, and Dale Lattz
Department of ACE, University of Illinois

Machinery Size, Costs and Ownership Alternatives - What's Right for You?

Dale Lattz, Gary Schnitkey, and Paul Ellinger
Department of ACE, University of Illinois

Benchmarking Your Marketing Performance and New Generation Contracts

Scott Irwin, Joao Martines, and Darrel Good
Department of ACE, University of Illinois

New Developments in Agricultural Law: Lanlord's Lien, Elevator Insolvency, Biotechnology and Other New Developments

Donald Uchtmann
Department of ACE, University of Illinois

Making Sound Crop Insurance Decisions

Gary Schnitkey, Bruce Sherrick, and Scott Irwin
Department of ACE, University of Illinois

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