The webinar will review the USDA’s U.S. corn and soybean yield and production forecasts released on August 12. The production forecasts will be combined with projections of marketing year consumption in order to project the magnitude of year-ending stocks. The implications for marketing year average prices as well as the likely pattern of prices during the 2020-21 marketing year will be discussed.
As summer approaches its end, the coronavirus pandemic has gotten worse, the economic outlook has dimmed and Congress is attempting to negotiate a potential next round of relief for the coronavirus pandemic while the 2020 election draws nearer. This webinar will review the policies put in place to date and attempt an outlook of the policy landscape ahead. The webinar will look at how MFP, CFAP and other ad hoc relief can serve as a leading indicator of policy directional changes, as well as review potential concepts and historical analogues.
We will provide returns projections for corn, soybeans, and wheat production in 2021. Farm income for Illinois grain farms will be projected for both 2020 and 2021. Possible farm incomes will be presented that include payments from the farm safety net.
Farmland markets outlook will be given in both the short and long-run. The impacts of changes in farmland returns and interest rates will be evaluated. While returns to farmland have been stable, interest rates also have been low, leading to relatively high capitalized values.
Overall, the financial positions of Illinois farms are still strong, but erosion has occurred on many farms. Up to this point, most of that erosion has come in the form of reductions in working capital. Debt-to-asset positions have eroded only slightly. Non-declining asset values contribute to the relatively small declines in debt-to-asset positions. Some farms are more at risk, including those that have more cash rent farmland. Also, younger farmers tend to have worse situations than older operators.
Outlook for farmland prices and rents will be presented from results of an annual mid-year survey conducted jointly by the Illinois Society of Professional Farm Managers and Rural Appraisers and the University of Illinois. Topics include farm price outlook for the remainder of 2020, rental outlook for 2021, and outlook over the next five-years. Information will be useful as farmland markets enter the rent-setting season.
Leasing season is again upon us. This webinar will first provide an outlook for setting 2021 leases. Then, attention will turn to conservation and leasing. Many landowners and farmers want to engage in more conservation practices but are concerned about the impacts these conservation practices may have on relationships between landowners and farmers. We will cover issues related to owner-farmer relationships for conservation, nutrient management, and cover crops. Conservation addendums to farmland leases available on farmdoc will be shown.
In a year stricken by the coronavirus pandemic and an extremely severe economic contraction, corn and soybean prices have risen to levels that seemed impossible just a couple of months…
Grain farm incomes in 2020 were supported by above-trend yields, higher prices than expected, and several forms of Federal payments. These 2020 incomes serve as a backdrop for 2021 income…
The election and enrollment period for the ARC and PLC programs for the 2021 crop year is now open, and decisions must be made by March 15th. A new crop…
We consider both the short- and medium-run outlook for US farm policy following the 2020 election. We provide an updated review of three years and four rounds of ad hoc…
Farmland is receiving significantly increased attention by owners and investors seeking to make sense out of the scrambled economic signals of the recent past. Historically, the conventional narrative around farmland…
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.
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.
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.
Corn and soybean decisions have changed greatly Since August. This webinar will discuss implications of those decisions for planting decisions in 2021.
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.
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.
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.
A project team from ACES, NCSA and Purdue’s Agronomy Department have been developing a first-of-its-kind cover crop simulation and decision support tool for Illinois farmers with funding by the Illinois Nutrient Research & Education Council. The tool was released in October and recently updated with additional functionality. On this webinar, the project team will discuss the project and tool, as well as provide a demonstration and explanation.
The Cover Crop Decision Support Tool may be found at https://covercrop.ncsa.illinois.edu/
In this 1-hour webinar, the PCM and University of IL Agricultural Economics Team will summarize 6-years of data from the Precision Conservation Management program (PCM). PCM is a farmer service program led by IL Corn Growers Association and IL Soybean Association...
New issues have emerged in Corn-belt agriculture with outlook and costs still being on the forefront. The following webinar series will aid in setting current thinking of the agricultural economy…
Farmland market prices are rising and cash rents for 2022 are being set. Latest information on farmland price, including results from the annual survey of the Illinois Society of Professional Farm Managers and Rural Appraises. Expectation for 2022 will be given.
With growing concerns about climate change, policy markers are looking for solutions to reduce greenhouse gas emissions. One solution is a market for carbon credits. Here we will describe the latest on carbon markets, with an emphasis on definitions of carbon markets and an analysis of current carbon markets.
After several years of trade difficult, grain markets have boomed. We will discuss the factors impacting grain markets and provide some projections for the future.
Brazil is the United States’ major competitor in agriculture, with Brazil now producing more soybeans than the U.S. Here we will discuss Brazil’s past development, and prospects for the future.
Global climate change is creating challenges for agriculture today and will continue in the future. During the past 50 years in the US Cornbelt, average air temperatures have risen and rainfall has become more variable, including an increase in the total number of extreme rainfall events. These trends are expected to continue. Weather and weeds are two stressors that can act simultaneously to affect crop performance, yet their comprehensive study in tandem is limited. The webinar will discuss the most important relationships among weed control and weather variability on corn yield loss due to weeds.
The Maximum Return to Nitrogen (MRTN) is a recommended N rate based on recent N response trials, and is often lower than rates based on expected yields. We’ll discuss how much risk this brings, and will introduce a way for producers to check MRTN performance in the field.
Production cost are rising at substantial rates. Here we will summarize grain farm financial statements for farms enrolled in Illinois Farm Business Farm Management, and present projections for the future.
This webinar will provide information about changes to federal and state depreciation provisions, how farm families can benefit from a variety of tax credits, and the latest developments for estate…
Farmland prices have risen rapidly in recent months both due to in part to rising income prospects and continuing low interest rates. Uncertainty about monetary policy and inflation, strength of…
The 2021 version of machinery cost estimates for field operations, harvesting operations, and tractors are available on farmdoc. We will discuss the uses of these estimates and the methods used…
Corn and soybean prices currently sit at historically high levels. A crucial question for 2022 is how long should we expect the good times to last? In this webinar, we…
The economic situation on Illinois grain farms has brightened with higher grain prices, resulting in relatively high incomes for 2021. Prices in 2022 could continue to be above the long-run…
Covid control measures have led to supply chain issues that appear to be worsening for the 2022 production year. General price inflation also is occurring. As a result, all input…
Farmland market prices have risen dramatically over the past 12-18 months, and cash rents for 2022 experienced upward pressure as well. Factors affecting farmland markets and rental rates will be…
While no major changes have been made to crop insurance or commodity programs for 2022, major legislation has been moving through Congress this fall that will have impacts on agriculture.…
Reasons for optimism about farm incomes exist for 2022. However, risks remain. This webinar will discuss crop insurance, rental arrangements, and marketing for the 2022.
The Post Application Coverage Endorsement (PACE) provides financial protection when farmers can not apply nitrogen post-planting. This is the first year for the pilot PACE is available in northern and…
With spring planting just around the corner, FBFM field staff will provide an income and tax update. A new educational program called AMP will be discussed that is being sponsored…
By March 15, farmers have the opportunity to change their commodity title choices around Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). Final thoughts on risk management for the…
Should the Russian-Ukraine conflict impact crop insurance and commodity title decisions. An update on the conflict will provide additional context for crop insurance and commodity title decisions. The deadline for…
The March Grain Stocks and Prospective Plantings reports usually result in one of the most volatile days of the year in the grain markets. This year the reports have even…
Do you want to learn more about how conservation practices like reduced- and no-till, cover crops, and nitrogen management impact corn and soybean production, profitability, and environmental impact? In this 1-hour webinar, the PCM and University of IL Agricultural Economics Team will summarize 7-years of data from the Precision Conservation Management program (PCM). PCM is a farmer service program led by IL Corn Growers Association and IL Soybean Association. PCM’s objective is to work 1-on-1 with farmers across Illinois as they make financially based conservation decisions on their farms.
The webinar will review USDA’s June 30 Grain Stocks and Acreage reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans will provide a clearer picture of total 2021-22 marketing year consumption, ending stocks, and price prospects. The magnitude of planting acreage will clarify prospects for the size of the 2022 corn and soybean crops with implications for the 2022-23 balance sheets and price prospects.
Profits are projected for Corn Belt farms in 2023, but likely lower returns than 2021 and 2022. As the planning season for the upcoming crop year goes into full force,…
Farmland prices have increased at a phenomenal rate in the past year. Returns to farmland remain high, but interest rates could increase. Luke Worrell will present results of the mid-year…
The recent Inflation Reduction Act includes several agricultural provisions including conservation, energy programs, and farm debt relief. Learn more about the impact on agriculture included in this legislation and explanation…
Historic growth in Brazilian agriculture will be documented, and projections will be made for the 2022-23 production year. Joana Colussi will bring perspectives on the potential of Brazilian agriculture in…
Machinery investments on farms have been increasing due to various factors. Brad Zwilling with Illinois Farm Business Farm Management (FBFM) will use FBFM data to look at the farm machinery…
Access to financial capital is one of the many challenges that young and beginning farmers face. Learn more about these challenges and programs offered by agriculture lenders and the USDA that can provide expanded access to capital for operating costs and land purchase.
Resources:
Farmland owners often have questions about leasing arrangements and other basics about owning land. Herein, we will provide the basics of the four different leasing arrangements: share rent, cash rent,…
Farmers are being strongly encouraged to shift fertilizer applications away from the fall to the spring as it can lead to improved water quality impacts. However, high fertilizer prices and…
FBFM staff offer insight for key tax topics to produce meaningful year end planning results. Strategies to manage tax liability using depreciation, prepaying expenses, retirement plans, installment contracts, and tax…
The 2022 Farm Assets Conference is past. However, you can view the pdf slides here. Topics included:
Updating the Carbon Market Landscape | Crop Prospects in Argentina & Brazil | The 2023 Farm Bill
Ukraine, Russia, Spring Fertilizer Prices & Crop Budgets | farmdoc S&D Tables & Price Prospects
ACE Commodity Markets Discussion | Field Crops Production Issues | The Value of Farmland
Presented by Joe Janzen and Scott Irwin
Presented by Gary Schnitkey and Nick Paulson
Presented by Joana Colussi
Presented by Jonathan Coppess
Presented by Bruce Sherrick
Many of the risk management decisions impacting 2023 crop production will be made soon. At the end of February, projected prices for crop insurance will be known.
We will cover decision related choices related to corn or soybeans, marketing, leasing, commodity title alternatives, & crop insurance alternatives
As 2023 gets underway, several items deserve increased attention for farm businesses. FBFM presents a Top 10 list of forward looking strategies to consider for a successful year. Changes in…
Many of the risk management decisions impacting 2023 crop production will be made soon. At the end of February, projected prices for crop insurance will be known.
We will cover decision related choices related to corn or soybeans, marketing, leasing, commodity title alternatives, & crop insurance alternatives
Corn rootworm remains the most economically damaging insect pest of corn in Illinois, though its impact in recent years has primarily been felt in the northern third of the state. The ongoing development of resistance to Bt traits has complicated management decisions for Illinois farmers. Join University of Illinois scientists to discuss the status of rootworm populations and Bt resistance throughout Illinois, as well as management recommendations for dealing with this troublesome pest.
Joana Colussi, Gary Schnitkey, Nick Paulson, and Eric Morgan recently traveled to Brazil as part of a research project on technology adoption among farmers, sponsored by the Lemann Center for…
Join us for this informative webinar where Ralph Kuchenbrod will provide essential tips and techniques for effectively and safely conducting searches in corn fields. Searches in agricultural settings like corn fields present unique challenges and risks that searchers must be prepared for.
Precision Conservation Management (PCM) has collected and analyzed production data on Illinois farms since 2015, with additional data from farms in Kentucky and Nebraska. In this webinar, Megan Miller (IL Soybean Association), Laura Gentry and, Greg Goodwin (IL Corn Growers Association), and Gary Schnitkey (University of Illinois) will share results from PCM's extensive dataset, providing valuable insights for farmers interested in implementing conservation practices.
Please join Dr. Aaron Hager and Travis Wilke of the University of Illinois for a webinar discussing their upcoming statewide survey of waterhemp resistance to Group 15 herbicides. Waterhemp is…
Join us for this informative session as we delve into the details of Maximum Return to Nitrogen (MRTN). Farmers in the Midwest face unique challenges when it comes to balancing…
Tune in for this timely webinar with Nick Paulson and Paul Stoddard of the farmdoc team at the University of Illinois covering rental market trends, lease types, setting rental rates, and discussion of other considerations and best practices. Valuable insights for both rental parties!
With the growing emphasis on climate change and sustainable practices, carbon markets are becoming an attractive opportunity for farmers to not only contribute to environmental conservation but also to generate…
With the spotted lanternfly detected in Illinois, farmers need to be informed about monitoring and management of this invasive pest. This webinar will take an in-depth look at SLF biology,…
This farmdoc webinar, by Bob Rhea and Brad Zwilling from Illinois Farm Business Farm Management (FBFM), will provide an overview of recent changes to federal and state depreciation rules, including the phase-out of 100% bonus depreciation and Illinois' elimination of bonus depreciation. We will explain the implications of these changes for farmers' taxes and offer planning strategies.
Cover crops offer multiple benefits – from improving soil health and reducing erosion to enhancing water retention and controlling pests. In this webinar, we'll introduce you to the concept of…
Are you interested in becoming part of a network that supports sustainable farming through data-driven decision making? Then this webinar, focusing on Precision Conservation Management (PCM), is for you. PCM…
Nick Paulson will examine the forecasted financial returns and net incomes for Illinois farms in 2024, against the recent downturn in commodity prices. He'll explore the impact of persistent high…
Brad Zwilling and Gerald Mashange will analyze economic factors impacting agriculture, focusing on inflation, interest rates, and farm credit conditions. Utilizing Illinois FBFM data, they'll assess the financial state of…
Review of common occupational injuries associated with agriculture, characteristic of the farms that make them vulnerable, and costs of injuries in agricultural settings.
Joana Colussi will provide an update on South America's crop production, especially soybeans and corn in Brazil and Argentina, and discuss export challenges considering supply, exchange rates, and global demand.
Learn more about the Post-Application Coverage Endorsement (PACE) Crop Insurance Policy for 2024 during a webinar hosted by IL Corn.
Experts Dr. Gary Schnitkey, University of Illinois Professor in Agricultural and Consumer Economics, and Megan Dwyer, CCA and Director of Conservation and Nutrient Stewardship for IL Corn, will walk participants through this game-changing coverage endorsement and answer any questions.
Joe Janzen will analyze 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 will review the 2018 Farm Bill's extension and its effects on programs critical to the 2024 crop year. He will also address the prospects for new Farm Bill…
This two-part webinar series will provide an in-depth analysis of risk management decisions and strategies for the 2024 crop year. Lower commodity prices are expected for the 2024 crop and marketing years compared to the past 3 years, resulting in a much tighter margin environment and increased importance of risk management decisions.
Part 1 on February 19, 2024 will feature Gary Schnitkey who will join Nick Paulson to discuss the commodity program alternatives with a focus on corn and soybean producers in Illinois. Crop insurance alternatives for 2024 will also be discussed as projected insurance prices are being set in February. Both crop insurance and ARC/PLC enrollment decisions must be made by March 15th.
Farmers, ranchers, and ag operators were deemed ‘essential’ during the COVID-19 pandemic. Learning how to protect employees, families, clients, and the community evolved throughout the pandemic and uncertainty was often…
Scott Irwin will explore the current state and future of the U.S. renewable diesel industry, covering production trends, policy drivers, and the impact on feedstock demand.
This two-part webinar series will provide an in-depth analysis of risk management decisions and strategies for the 2024 crop year. Lower commodity prices are expected for the 2024 crop and marketing years compared to the past 3 years, resulting in a much tighter margin environment and increased importance of risk management decisions.
Part 2 on March 4, 2024 will feature Bruce Sherrick who will join Nick Paulson to focus on crop insurance alternative for 2024. Projected insurance prices will be known at this time, allowing for a more accurate look at the risk protection and premium costs associated with the commonly used insurance programs as the March 15th crop insurance sales closing date approaches. Individual coverage
This webinar will provide an overview of the major trends in U.S. agriculture, such as the decline in the number of farms, the increase in farm size, and the growing…
This webinar will provide an overview of the census data and trends specific to Illinois and the Midwest. By highlighting the unique circumstances and opportunities faced by farmers in this region, we aim to foster a deeper understanding of the agricultural sector and contribute to informed policy-making processes.
The 2022 USDA Census of Agriculture provides a wealth of information about the state of American agriculture. This webinar series will explore findings from the census, and discuss trends of U.S. agriculture.
We will explore the world of grain safety, shedding light on various types of incidents and the alarming statistics surrounding them. We will delve into the immense pressure exerted by…
Cover crops remain the best conservation practice in the organic rich soils of the Midwest where nutrient loss, soil health, and climate change are concerns. Many farmers have also seen…
Farm work presents many hazards that can lead to injury, illness, and even death. This webinar focuses on the unique risks faced by agricultural workers, including migrant and hired laborers,…
Discussion of current and upcoming technology that will change the way we farm. This includes discussions on Internet of Things, Autonomous Machinery, Sensors, and Livestock handling. We will discuss how…
Heat exposure can negatively affect agricultural workers, but there are ways to prevent it. Review risk factors, early symptoms, treatment, workplace controls like rest breaks and hydration, and personal protective…
New Data from PCM with Focus on Cover Crops and Tillage. Precision Conservation Management (PCM) works directly with farmers and uses data analysis to determine how farmers can implement conservation practices without sacrificing profits. This webinar from Greg Goodwin (IL Corn Growers Association) and Gary Schnitkey (University of Illinois farmdoc team) covers 9 years of data-driven insights. We will emphasize profitable practices using cover crops. Profitability and tillage practices will be examined.
Overview of agriculture-related injury and illness tracking programs active in Illinois. Will cover data collection methods, trends identified, and how surveillance information guides prevention initiatives for the agriculture community.
Here we will take a deeper dive into nitrogen management relations to profitability and the environment. We will also look at the potential and issues associated with carbon markets.
Delve into the critical role of connectivity in modern farming. The first session of the I-FARM webinar series will explore the various technologies enabling seamless communication between farm equipment, sensors, and management systems. Attendees will learn about the latest advancements in IoT, satellite, and wireless communication technologies that are transforming the agricultural landscape.
Children and teens make up a significant portion of injuries and fatalities in agriculture. This webinar looks at why young people are uniquely vulnerable to farm hazards. We will review…
We will look at environmental indicators from PCM farms and their relationship to farming practices. NEW this year: PCM has separate data available for high SPR and low SPR soils so you can better assess how conservation practices could impact your fields.
Naveen Uppalapati, Research Scientist, Center for Digital Agriculture, UIUC
Explore the transformative impact of robotics in agriculture. The second series session will highlight the latest innovations in agricultural robots, including planting, harvesting, and monitoring robots. Attendees will learn about the benefits and challenges of integrating robots into farm operations and the future of robotic technology in agriculture.
Farming and ranching are filled with stressors like financial pressures, uncertain conditions, long hours, and social isolation. This webinar focuses on mental health challenges common in agriculture and ways to…
Shadi Attallah, Associate Professor, Agricultural and Consumer Economics, UIUC
Shadi will examine the economic aspects of adopting weeding robots on farms. This session will cover how robot prices, corn prices, the robot weeding efficacy, and a farmer’s planning horizon affect how many robots to adopt and to what extent weeding robots can increase farm profitability and reduce weed resistance to herbicides.
When injury, illness, or natural disasters strike, farmers and ranchers need help to continue operating. This webinar highlights two key resources for farmers in crisis. We will explain the Farm…
University of Illinois agricultural economists Dr. Gary Schnitkey and Dr. Nick Paulson invite you to a webinar focused on farmland rent agreements for the 2025 production year. They will present an overview of the current state of Illinois farmland rents, explaining the factors that led to record-high rents in recent years and the economic conditions now pointing towards necessary adjustments.
This final webinar looks ahead at emerging technologies and innovations that will transform safety in agriculture. We will showcase cutting-edge research around autonomous equipment, wearable tech, telematics, and digital training…
Pasture, Rangeland and Forage Rainfall Index Insurance (PRF-RI) is a relatively new insurance product offered by the USDA Risk Management Agency. PRF-RI is meant to insure livestock and forage producers…
The U.S. biofuels sector has been buffeted by change in recent years. Ethanol demand is threatened by rising sales of electronic vehicles (EVs). Renewable diesel has experienced a boom and…
Join Dr. Gary Schnitkey and Dr. Laura Gentry for an insightful webinar focused on practical strategies for navigating low-profit years in farming. With low commodity prices and slim profit margins,…
Renewable diesel experienced a truly historic boom starting in 2021 but plateaued recently. The demise of the FAME biodiesel industry has been widely predicted due to the renewable diesel boom. …
Gregory Bernard, Assistant Professor of Plant and Soil Science, Tuskegee University
Adopting new technology for any size farming operation has its challenges. Discuss the unique challenges and opportunities smallholder farms face in adopting new technologies. This final series session will explore practical solutions and case studies of successful technology integration in small-scale farming. Attendees will learn about the barriers to adoption and strategies to overcome them.
Joe Janzen will discuss corn, soybean, and wheat price prospects for 2025. He will provide an update on current global market fundamentals and consider what price expectations based on the…
Joana Colussi will provide an update on South America’s crop production, focusing on soybeans and corn in Brazil and Argentina. She will also explore the potential for cropland expansion and…
With projected lower farm incomes than the highs in the early 2020’s, we analyze Illinois FBFM data and economic factors impacting agriculture. Using this information and trends, we will assess…
New webinar series from Precision Conservation Management! We'll start by learning how this farmer-led program combines data analysis, technical assistance, and cost-share incentives to help farmers improve profitability and environmental…
Brittney Goodrich will review some less commonly used federal crop insurance options, like Pasture Rangeland and Forage Rainfall Index Insurance, Whole Farm Revenue Protection, and livestock price and margin protection…
Illinois Crop Budgets for 2024 and 2025 suggest negative per acre returns to corn, soybeans, and wheat that could result in some of the lowest farm incomes experienced in the…
This webinar will provide an overview of H5N1 in the U.S. and current surveillance and monitoring efforts in Illinois.
Matthew W. Nonnenmann, PhD, CIH, Professor, UNMC Department of Environmental, Agricultural and Occupational Health
Guy Sprouls, Dairy Equipment Specialist / State Rating Officer at Illinois Department of Public Health
Jonathan Coppess will discuss the state of and outlook for the Farm Bill and farm policy including commodity (ARC/PLC), conservation, and crop insurance programs. He will review the issues challenging…
This webinar provides information to agricultural producers and the public regarding testing for H5N1 and infection prevention and control recommendations
Mark Ernst, DVM, Illinois State Veterinarian
Tasha Bunting, Director of Commodity Programs & Farm Systems, Illinois Farm Bureau
This opening session focuses on the fundamental aspects of assessing and valuing farm property while considering its role in legacy planning. JR Glenn will share his legal expertise on property…