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Overview
Volatile crop yields and commodity prices, the changing legal environment, escalating input costs, and a changing policy 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 will be conducting the sixth annual Farm Income workshops in December 2005
to address some of these challenges for the year ahead. The workshops will include four general sessions – “Outlook for Commodity Prices”, “Illinois Farm Income Outlook”, “Run-Up to the Next Farm Bill”, and “Rising Input Costs: Implications for Crop Rotations and Cash Rent Values”, and four breakout sessions:
- “The Nitty-Gritty of Calculating Your Production Costs” will address how to calculate and interpret costs of producing crops and livestock and demonstrate in a hands-on computer setting a FAST tool available for completing this exercise.
- “Financial Planning and Cash Flow Budgeting for 2006” is a hands-on computer session that will introduce participants to FAST tools that allow participants to project alternative scenarios for 2006.
- “Illinois’ ‘Big-10' Issues in Agricultural Law and Taxation” will address year-end tax planning, new legislation and court cases, and other hot topics including a government’s power to take private property.
- “Should Technical Analysis Be Part of Your Crop Marketing Program” will review different technical price analysis tools and present evidence on the likely success of using technical indicators in crop martketing.
Speakers
- Paul Ellinger, Associate Professor, University of Illinois
- Bryan Endres, Assistant Professor, University of Illinois
- Darrel Good, Professor, University of Illinois
- Gary Hoff, Extension Tax Specialist, University of Illinois
- Scott Irwin, Professor, University of Illinois
- Dale Lattz, Extension Economist, University of Illinois
- Gary Schnitkey, Professor, University of Illinois
- Bruce Sherrick, Professor, University of Illinois
- Robert Thompson, Professor, University of Illinois
- Donald Uchtmann, Professor, University of Illinois
Schedule
- 8:30 a.m. Registration - Coffee and Rolls
- 9:00 Outlook for Commodity Prices
- Darrel Good
- 9:30 Illinois Farm Income Outlook
- Dale Lattz
- 10:00 Run-Up to the Next Farm Bill
- Robert Thompson
- 10:30 Breakout Sessions
- 12:15 p.m. Lunch
- 1:15 Breakout Sessions Repeated
- 3:00 Rising Input Costs: Implications for Crop Rotations and Cash Rent Values
- Gary Schnitkey
- 3:45 Adjourn
Participants may choose to attend two of the four Breakout Sessions
- Session 1: The Nitty-Gritty of Calculating Your Production Costs
- Gary Schnitkey and Dale Lattz
- Session 2: Financial Planning and Cash Flow Budgeting for 2006
- Paul Ellinger and Bruce Sherrick
- Session 3: Illinois’ ‘Big- 10' Issues in Agricultural Law and Taxation
- Don Uchtmann, Bryan Endres and Gary Hoff
- Session 4: Should Technical Analysis Be Part of Your Crop Marketing Program
- Scott Irwin and Darrel Good
On-Line Registration - $40/person
You may register on-line with our secure software. Click here
Mail-In Registraion - $40/person
If you prefer, you may download a copy of the registration form and mail it to the following address by December 2, 2005:
Sue Esposito
University of Illinois
1301 W. Gregory Drive
326 Mumford Hall
Urbana, IL 61801.
For information or questions call: 217/333-5506.
Click here to download the brochure including registration form (pdf, 343K)
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