November 29, 2019

2019 Illinois Farm Economic Summits

 
2019 was a truly historic and in many ways unbelievable year for Illinois agriculture. The ongoing trade war with China and the on- and off-again efforts to reach an agreement dominated headlines much of the year. As if this wasn’t enough uncertainty for one year, Illinois was hit by one of the wettest spring planting seasons on record. Looking forward, the story of Illinois agriculture will continue to be one of managing volatility and financial difficulties. The stress of a prolonged period of low corn, soybean, and wheat prices, was amplified for producers experiencing low yields this year due to poor planting and summer growing season weather. Producers and landowners continue to face a series of difficult management challenges as they grapple with adjusting to this highly volatile economic environment. What is the prospect for a recovery in grain prices? Should cash rents be lower? And if so, how much? How much will government programs offset some of the financial stress? The members of the farmdoc team from the Department of Agricultural and Consumer Economics and University of Illinois Extension will be holding a series of five Illinois Farm Economics Summit meetings to help producers navigate these tumultuous times.
 

WALK-INS are WELCOME

The fee includes all meeting materials, break refreshments, and lunch.  Registration at the door will be $90 per person, as space permits.
For registration questions contact Nancy Simpson at 217-244-9687 (8am to 4pm CST) or nsimp1@illinois.edu.
 

Monday, December 16 – Mt. Vernon Holiday Inn
Tuesday, December 17 – Springfield Crowne Plaza
Wednesday, December 18 – Peoria Par-A-Dice Casino
Thursday, December 19 – Dekalb Faranda’s Banquet Center
Friday, December 20 – Champaign I Hotel


 
2019: THAT Just Happened
Scott Irwin, Professor
Department of ACE, University of Illinois
 
What Did We Learn with Delayed Planting? Farm Management Implications
Gary Schnitkey, Professor
Department of ACE, University of Illinois
 
Illinois Farm Income: 2019 Projections and Outlook for 2020
Dale Lattz, farmdoc Research Associate
Department of ACE, University of Illinois
 
The ARC/PLC Decision in the New Farm Bill
Jonathan Coppess, Assistant Professor
Department of ACE, University of Illinois
 
Trade, MFP, and Policy Directions
Nick Paulson, Associate Professor
Department of ACE, University of Illinois
 
Grain Price Outlook for 2020
Todd Hubbs, Assistant Professor
Department of ACE, University of Illinois

December 06, 2019

CRP Sign Up Opens

enroll acres at your local FSA office

USDA's Conservation Reserve Program signup opens December 9 & closes February 28, 2020. There are currently 22 million acres in the program with room for 27 million. This map shows how acres enrolled decreased nearly 13 million from 2007 to 2016.



FSA has updated soil rental rates for CRP. Rates are statutorily prorated at 90 percent for continuous signup and 85 percent for general signup.

Use this link to download an Excel spreadsheet from USDA with the county rates.


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