University of Illinois Extension and members of the farmdoc team from the Department of Agricultural and Consumer Economics will be holding a series of five Farm Economics Summit meetings in December. Current low corn, soybean, and wheat prices and slow to change costs of production have created stressful times for producers and landowners. The situation has also created a series of difficult management challenges for these two groups.

Speakers from University of Illinois’s farmdoc team will explore the farm profitability outlook and management challenges from several perspectives, including the 2018 outlook for crop and livestock prices, soybean yield trends, update on the next farm bill, financial position of Illinois farms, habits of financially resilient farm operations, and crop economics for 2018.

The team of speakers scheduled to talk at these summits include Jonathan Coppess, Assistant Professor, University of Illinois; Todd Hubbs, Assistant Professor, University of Illinois; and Scott Irwin, Professor, University of Illinois. Additional farmdoc team members on the agenda include Dwight Raab, CEO, Illinois FBFM; Dale Lattz, University of Illinois; Nick Paulson, Associate Professor, University of Illinois; Gary Schnitkey, Professor, University of Illinois; and Todd Gleason, Media Communications Specialist, University of Illinois.

The first of these meetings is scheduled for Dec. 18 in DeKalb. Closer to home, on Dec. 20 the program will be repeated in Springfield, and in Champaign on Dec. 22. The agenda is set to begin at 7:45 a.m. with registration check in and will conclude at 1:10 p.m. after lunch.

The cost of the farm economic summit is $70, with a five dollar discount for registering online. The cost of registration on the day of the event increases to $75, but is subject to available space. Registration deadline is Dec. 11. The registration fee includes lunch, all meeting materials and break refreshments.

The registration information and more details about the agenda can be found on our Extension website at http://web.extension.illinois.edu/ccdms/. If you have questions regarding the summit you can contact Nancy Simpson at 217-244-9687 or nsimp1@illinois.edu.

For more information on University of Illinois Extension programming in Coles, Cumberland, Douglas, Moultrie and Shelby counties, visit our website at http://web.extension.illinois.edu/ccdms/index.html or call us at 217-345-7034.

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