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Farm Income 2006 Proceedings


A Workshop Addressing Decision-Making Challenges in a Risky Environment

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 (5,550K)


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 2005 to address some of these challenges for the year ahead.

The workshops included four general sessions - and four breakout sessions:
    The Nitty-Gritty of Calculating Your Production Costs - Gary Schnitkey and Dale Lattz-addressed how to calculate and interpret costs of producing crops and livestock and demonstrated a hands-on computer setting a FAST tool available for completing this exercise.
    Financial Planning and Cash Flow Budgeting for 2006 - Paul Ellinger and Bruce Sherrick - 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 - Don Uchtmann, Bryan Endres and Gary Hoff - 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 - Scott Irwin and Darrel Good - will review different technical price analysis tools and present evidence on the likely success of using technical indicators in crop martketing.

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