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The Profitability of Illinois Agriculture: Managing in a Turbulent World 


Dates & Locations

Monday, December 10, 2012 - Champaign, IL I Hotel and Conference Center

Tuesday, December 11, 2012 - Sycamore, IL Center for Agriculture

Wednesday, December 12, 2012 - Galesburg, IL Best Western Prairie Inn

Thursday, December 13, 2012 - Mt. Vernon, IL Holiday Inn

Friday, December 14, 2012 - Bloomington, IL Doubletree Hotel


Who Should Attend



Just when you think you have seen it all the summer of 2012 appears. The drought that hit Illinois and most of the rest of the Corn Belt this summer was among the worst of the last century. Record high corn and soybean prices fol-lowed. On top of this source of volatility, agricultural policy remained very un-certain, the financial crisis in Europe continued, and political turmoil in the Middle East was heightened even further. Understanding these sources of vola-tility and how to deal with the associated large risks is front and center in the minds of all producers. The University of Illinois Extension and members of the farmdoc team from the Department of Agricultural and Consumer Econom-ics will be holding a series of five Farm Economics Summit meetings to help producers navigate these turbulent times.

Speakers from the farmdoc team at the University of Illinois will explore the farm profitability outlook and management challenges from several perspectives, including the outlook for prices, income prospects and crop rotation decisions, impact of biofuels mandates, tax implications of crop insurance payments, crop insurance choices, and changes to farm programs. The format for the meeting will be fast-paced and allow plenty of time for questions from the audience.



7:45 - 8:15 Registration and Coffee

8:15 - 8:20 Introduction and Overview

8:20 - 8:50 Commodity Price Prospects for 2013

8:50 - 9:20 2013 Projected Grain Incomes: A Drought

9:20 - 9:50 The Impact of Biofuels Mandates on Grain and Oilseed Markets

9:50 - 10:10 Break

10:10 - 10:40 Tax Reporting Options on Crop Insurance

10:40 - 11:10 Crop Insurance Updates for 2013

11:10 - 11:40 Overview and Impacts of Proposed Changes in the 2012 Farm Bill

11:40 - 12:10 Question & Answer / Wrap-Up

12:10 - 1:10 Lunch (Included)



Todd Gleason, Media Communications Specialist, University of Illinois

Darrel Good, Professor Emeritus, University of Illinois

Gary Hoff, Extension Specialist, University of Illinois

Scott Irwin, Assistant Professor, University of Illinois

Nick Paulson, Assistant Professor, University of Illinois

Gary Schnitkey, Professor, University of Illinois

Bruce Sherrick, Professor, University of Illinois



Registration is now closed. For any registration questions please see More Information section below.:

Location Details

Monday, December 10, 2012 - Champaign, IL I Hotel and Conference Center
1900 S. 1st St.
Champaign, IL 61820
Phone: 217-819-5000

Tuesday, December 11, 2012 - Dekalb Co. Farm Bureau
Center for Agriculture
1350 W. Prairie Dr.
Sycamore, IL 60178
Phone: 815-756-6361

Wednesday, December 12, 2012 - Best Western Prairie Inn
300 S. Soangetaha Rd.
Galesburg, IL 61401
Phone: 309-343-7151

Thursday, December 13, 2012 - Holiday Inn
222 Potomac Blvd.
Mt. Vernon, IL 62864
Phone: 618-244-7100

Friday, December 14, 2012 - Doubletree Hotel
10 Brickyard Dr.
Bloomington, IL 61701
Phone: 309-664-6446


More Information

For any questions you may have, please contact:

Bridget Haas
Phone: 217-244-7657 from 9am to 5pm
Fax: 217-333-9561


Sponsored by:


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