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Archive: 2015 Illinois Farm Economics Summit

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2015 - The Profitability of Illinois Agriculture: Managing In a Margin Squeeze

The big story in Illinois agriculture in 2015 was the “margin squeeze” faced by crop producers. This squeeze was brought on by continued declines in corn and soybean prices and costs of production that remained at historically high levels. The key question going forward is how the crop sector will adjust to this changed reality. Producers and landowners face a series of difficult management challenges as they grapple with how to adjust to the changed environment. Should cash rents be low-ered, and if so, by how much? Will fertilizer and seed prices decline and provide some measure of relief? What do margins look like if grain prices recover to longer-term averages? 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 2015 outlook for prices, farm income prospects, land rents and valuation, long-term credit cycles, nutrient management, and the outlook for conventional bio-fuels. The format for the meeting will be fast-paced and allow plenty of time for questions from the audience.

2015 Presentations

Agricultural Commodity Price Outlook for 2016

Darrel Good, Professor Emeritus
Department of ACE, University of Illinois

2016 Income Outlook: Making Cash Flows Fit Revenue

Gary Schnitkey, Professor
Department of ACE, University of Illinois

Evaluating Rental Agreements and Land Values with Lower Prices

Nick Paulson, Associate Professor
Department of ACE, University of Illinois

Business and Credit Cycles in Agriculture

Todd Kuethe, Assistant Professor
Department of ACE, University of Illinois

The Nutrient Loss Challenge and Farm Bill Conservation Programs

Jonathan Coppess, Assistant Professor
Department of ACE, University of Illinois

The Outlook for Conventional Biofuels is Brighter than You Think

Scott Irwin, Professor
Department of ACE, University of Illinois

IFES 2015 Sponsors

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