Archive: 2024 Illinois Farm Economics Summit

Nick Paulson examines the forecasted financial returns and net incomes for Illinois farms in 2024, against the recent downturn in commodity prices. He explores the impact of persistent high production costs in a low-price environment and suggest strategies to manage the expected tighter margins.

Brad Zwilling and Gerald Mashange analyze economic factors impacting agriculture, focusing on inflation, interest rates, and farm credit conditions. Utilizing Illinois FBFM data, they assess the financial state of Illinois farms, covering topics like income, land values, and debt.

Joana Colussi provides an update on South America’s crop production, especially soybeans and corn in Brazil and Argentina, and discusses export challenges considering supply, exchange rates, and global demand.

Joe Janzen analyzes 2024’s grain price forecasts and global market trends, discussing the implications for grain marketing strategies in light of supply and demand estimations.

Jonathan Coppess reviews the 2018 Farm Bill’s extension and its effects on programs critical to the 2024 crop year. He also addresses the prospects for new Farm Bill legislation amidst political challenges and funding complexities.

Scott Irwin explores the current state and future of the U.S. renewable diesel industry, covering production trends, policy drivers, and the impact on feedstock demand.