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Farm Income 2005 Proceedings
A Workshop Addressing Decision-Making Challenges in a Risky Environment
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Funding Provided by the Risk Management Agency, US Department
of Agriculture
All proceedings are in PDF format - You may download individual
presentations or click here
to download a single PDF file (38,740K)
Overview
Volatile crop yields and commodity prices, farm income variability, and the changing legal and
political environment provide significant challenges for farm operators and owners, agricultural
lenders, and managers of farm related businesses.
The University of Illinois Extension and the Department of Agricultural
and Consumer Economics conducted the fifth annual Farm Income
workshops in December 2004 to address some of these challenges
for the year ahead.
The workshops included four general sessions -
and four breakout sessions:
FAST Tools: Hands-On Computerized
Applications - Paul Ellinger, Gary Schnitkey and Dale
Lattz - provided experience with using Farm Analysis Solution
Tools (FAST) including application in grain inventory management,
estimations of break-even levels of storing grain, and financial
performance.
Farmland Markets in Illinois: Historic
Context and Contemporary Issues - Bruce Sherrick, Gary
Schnitkey, Dale Lattz and Paul Ellinger - addressed factors
affecting value, property tax developments, leasing alternatives,
government program issues, and financial performance as an
investment.
Legal Check-Up: Land and Recreational Use Liability and
1031 Farmland Exchanges, Friend or Foe
- Don Uchtmann, Bryan Endres and Gary
Hoff - reviewed rural land related liability issues, including
the recent Illinois Supreme Court interpretation of the Recreational
Use Act and Ҥ 1031 Farmland Exchanges, Friend or
Foe”, and provided an in-depth discussion of tax deferred
like-kind-exchanges of farmland.
Sizing Up Your Marketing Advisory
Program - Scott Irwin and Darrel Good - reviewed
farmer marketing performance for corn and soybeans, provided
an in-depth review of the performance of market advisory services
and other marketing programs, and discussed factors to consider
before signing up for a program.
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