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2013 - The Profitability of Illinois Agriculture: Managing in a Turbulent World


There was no shortage of volatility and uncertainty in 2013. Just a few of the events causing notable volatility were monsoon rains in parts of the Corn Belt during planting, extended dryness during the summer growing season, lack of a new U.S. farm bill and a U.S. government shutdown. There were also some more pleasant surprises such as better than expected corn and soybean yields in many parts of Illinois. Understanding these sources of volatility and how to deal with the associated large risks continues to be 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 producers navigate these turbulent times.

Speakers from the farmdoc team at the University of Illinois will explore the farm profitability outlook and management challenges from several perspectives, including the outlook for prices, farm income prospects and crop rotation decisions, trends in farmland prices and rents, renewable fuels policy and crop markets, the new farm bill, and health reform. The format for the meeting will be fast-paced and allow plenty of time for questions from the audience.

2013 Presentations

Corn and Soybean Prices in Transition

Darrel Good
Department of ACE, University of Illinois

The RFS and Crop Markets: Where to from Here?

Scott Irwin, Professor
Department of ACE, University of Illinois

Affordable Care Act: Impact on Farmers and Farm Businesses

Marc Lovell
Department of ACE, University of Illinois

2013 Farm Policy Update

Nicholas Paulson, Jonathan Coppess
Department of ACE, University of Illinois

Income, Financial Outlook, and Adjustments in 2014

Gary Schnitkey
Department of ACE, University of Illinois

Farmland Markets: Current Issues, Future Implications

Bruce Sherrick and Todd Kuethe
TIAA-CREF Center for Farmland Research
Department of ACE, University of Illinois

IFES 2013 Sponsors

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