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  Date Time Location

Farm Income 2001

A Workshop Addressing Challenges in Management, Finance, Marketing, and Law

December 12, 2000 8:30 am - 3:00 pm

Holiday Inn Select
4191 W. US Hwy 36
Decatur, IL 62522
Phone: (217) 422-8800

December 14, 2000 8:30 am - 3:00 pm

South Point CenterBest Inns
(formerly Holiday Inn)
1127 N 7th Street
Rochelle, IL 61068
Phone: (815) 562-5668


An extended period of low commodity prices, the current rise in input costs, new developments in biotechnology, and an uncertain economic outlook provide ample challenges for the farm business manager and farm related businesses. The University of Illinois Extension and the Department of Agricultural and Consumer Economics will be conducting two workshops in December 2000 to address some of these challenges for the year ahead.

The workshops will include four breakout sessions on topics in management, finance, marketing, and law. The management workshop will focus on production costs and their importance for enterprise selection, marketing decisions, and profitability. The finance workshop will focus on methods and tools to identify financial strengths and weaknesses and tools to aid in evaluating land and machinery investments. The marketing workshop will focus on a 5 year evaluation of professional marketing services and the implications for grain marketing plans. The session in ag law will include a discussion of new developments, particularly in the area of biotechnology.

8:30 a.m.   Registration - Coffee and Rolls

9:00           Illinois Farm Income Situation  (PDF Document)

                  Dale Lattz, Paul Ellinger, and Gary Schnitkey

9:30           Outlook for Commodity Prices  (PDF Document)

                  Darrel Good

10:00         Breakout Sessions

Noon          Lunch

12:45 p.m.  Breakout Sessions Repeated

3:00           Adjourn

 Participants may choose to attend two of the four Breakout Sessions

SESSION 1: Using Production Costs and Break-Even Levels to Determine Income Possibilities

 (PDF Document)

                    - Dale Lattz and Gary Schnitkey                                                                          

SESSION 2: Tools for Financial Decision Making (PDF Document)

                    - Paul Ellinger and Bruce Sherrick

SESSION 3: Grain Marketing Are Farmers Really That Bad?  (PDF Document)          

                    - Darrel Good, Scott Irwin, Joao Martines

SESSION 4: Biotech and Other New Developments in Agricultural Law  (PDF Document)

                    - Donald Uchtmann

Department of Agricultural and Consumer Economics    College of Agricultural, Consumer and Environmental Sciences
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