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  Date Time Location

Farm Income 2002

A Workshop Addressing Decision-Making Challenges in a Risky Environment

December 10, 2001 8:30 am - 3:45 pm

Hickory Grove Civic Center - Comfort Inn and Suites
1127 N 7th Street
Rochelle, IL 61068
Phone: (815) 562-5668

December 11, 2001 8:30 am - 3:45 pm

Holiday Inn Select
4191 W. US Hwy36
Decatur, IL 62522
Phone: (217) 422-8800

December 12, 2001 8:30 am - 3:45 pm

Holiday Inn
Exit 95, I-57
Mt. Vernon, IL 62864
Phone: (618) 244-7100


An extended period of low commodity prices, the writing of a new farm bill, new developments in biotechnology, and an uncertain economic outlook provide ample challenges for the farm business manager and farm related businesses. University of Illinois Extension and the Department of Agricultural and Consumer Economics will be conducting three workshops in December 2001 to address some of these challenges for the year ahead.

The workshops will include five breakout sessions on topics crucial to the success of a farm business. The "Traits of Successful Farming" is designed to help improve a farm's profitability by showing factors separating more profitable from less profitable farms. The "Machinery" session shows tools for evaluating machinery performance on grain farms. The "Marketing" session focuses on helping producers to better understand marketing performance track records, the construction of market benchmarks and how new generation contracts might fit in a marketing plan. The "Ag Law" session includes a discussion of new developments, particularly in the areas of biotechnology, the landlord's lien, and elevator insolvency. The "Crop Insurance" session presents the concepts, tools and guidelines necessary for making an informed decision on crop insurance.

9:00 a.m.   Illinois Farm Income Situation for 2001   Dale Lattz, Paul Ellinger, and Gary Schnitkey  

9:30          Outlook for Commodity Prices    Darrel Good    

10:00         Breakout Sessions

12:30 p.m   farmdoc Demo

1:00           Breakout Sessions Repeated

3:00           2002 Farm    – Robert Hauser    

3:30           Fast Tools     – Paul Ellinger, Gary Schnitkey, Bruce Sherrick and Heather Dall    

3:45           Adjourm

Breakout Sessions

SESSION 1: Traits of Successful Farms - Financial and Production Performance  - Paul Ellinger, Gary Schnitkey, and Dale Lattz     

SESSION 2: Machinery Size, Costs and Ownership Alternatives - What's Right for You?Dale Lattz, Gary Schnitkey, and Paul Ellinger  

SESSION 3: Benchmarking Your Marketing Performance and New Generation ContractsScott Irwin,Joao Martines, and Darrel Good    

SESSION 4: New Developments in Agricultural Law: Lanlord's Lien, Elevator Insolvency, Biotechnology and Other New Developments  - Donald Uchtmann   

SESSION 5: Making Sound Crop Insurance Decisions - Gary Schnitkey, Bruce Sherrick, and Scott Irwin


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