Series Title: Setting up for a Profitable 2021 for Illinois and Midwest Farms
Crop farms have reason for optimism about returns in 2021. Still risk management decisions will be important this webinar series will discuss commodity title, crop insurance, and acreage decisions for the 2021 year.
This series is seven webinars, from January 27th to March 11th. By registering for any of the webinars below you will be registered for the entire series.
Title: Paycheck Protection Program and Employee Retention Credit Under December’s Consolidated Appropriations Act
Legislation passed in December called the Consolidations Appropriations Act has implications for farms. We will cover the Paycheck Protection Program (PPP), including implications for the initial draw, second draw, and recalculated draw. Issues associated with the Employee Retention Credit (ERC) also will be covered.
Title: Commodity Title Choices in 2021
Farmers and land owners will again have the opportunity to change commodity title choices between Agricultural Risk Coverage and Price Loss Coverage for the 2021 crop year. The deadline for the decision in March 15, 2021. This webinar will discuss these alternatives.
Title: ECO and Crop Insurance
Most farmers in the Midwest insure corn and soybeans with Revenue Protection (RP). This year, a new county-level product can be added on top of RP and other products called Enhanced Coverage Option (ECO). This webinar will discuss the crop insurance decisions, in general, and ECO in particular.
Title: Acreage Decisions in 2021
Corn and soybean decisions have changed greatly Since August. This webinar will discuss implications of those decisions for planting decisions in 2021.
Title: Last Financial Issues Before Planting
A recap of the financial position of Illinois farms will be provided. We will go over budgeting and pro forma cash flow planning for 2021.
Title: Final Look at Commodity Title and Crop Insurance Decisions
All the information is needed to calculator crop insurance premiums. Deadlines for corp insurance and commodity title choices are nearing. This webinar will update any information that needs to be covered before decisions are final.
Title: FAST Tools and Financial Planning
FAST is a set of Microsoft Excel spreadsheets that can be used to evaluate management decisions on farm. We will demonstrate use of the Farm Projections Tool.