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Income, Taxes, and Management

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 Illinois Soybean Association, Illinois Farm Business Farm Management, and farmdoc.

Financial and Environmental Impact of Conservation Practices

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.

Updated Supply and Demand for Corn and Soybeans

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.

Planning on Corn Belt Farms for 2023 Production

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, this outlook for 2023 farm returns will be useful in making rental, acreage, and input decisions, including focus on nitrogen decisions and the availability of…

Farmland Prices in a Most Interesting Time

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 survey of the Illinois Society of Farm Managers and Rural Appraisers.  Bruce Sherrick will provide perspectives on farmland prices.

Update on Farm Policy After the Inflation Reduction Act

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 of what this means as the expiration of the current farm bill approaches.

Brazilian Agriculture in 2022-23. What to Expect for Acreage?

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 the future, especially regarding soybean and corn acreage and production.

Machinery Investments and Farm Financial Trends

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 investment over time as well as some other farm financial trends affecting farms.

Young Farmer Programs

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.

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