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Illinois Ag News Headlines
Farm Economics Summit Registration Due Dec. 5
Illinois Ag Connection - 12/02/2016

The big story in Illinois agriculture in 2016 continued to be the "margin squeeze" faced by crop producers. This squeeze was brought on by low corn, soybean, and wheat prices and costs of production that are only slowly adjusting to the new price realities. At present prices, further cost of production reductions will be required. 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 lowered? And if so, by how much? How much relief will be seen through lower fertilizer and seed prices? What are the prospects for grain prices to recover from current depressed levels?

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 difficult 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 2017 outlook for prices, farm financial management in tough times, needed changes in farmland leases, updates on the farm program safety net, agricultural credit conditions, and long-term weather and yield trends. The format for the meeting will be fast-paced and allow plenty of time for questions from the audience.

Registration and payment are due Dec. 5 to attend one of the five upcoming meetings. The registration fee for each location is $70 per person. Save $5 by registering online for $65 at https://www.regonline.com/registration/Checkin.aspx?EventID=1895758. This fee includes all meeting materials, break refreshments, and lunch. Registration at the door will be $75 per person, as space permits.

- Dec. 12 -- Champaign, iHotel and Conference Center

- Dec. 13 -- Dekalb, Faranda's Banquet Center

- Dec. 14 -- Peoria, Par-A-Dice Hotel Casino

- Dec. 15 -- Springfield, Crowne Plaza

- Dec. 16 -- Mt. Vernon, Holiday Inn

For all conference registration questions, please contact Nancy Simpson at 217-244-9687 from 9 a.m. to 5 p.m. or email her at nsimp1@illinois.edu.


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