URBANA -- Some of the habits of successful farm managers include being innovative and cost-conscious, and evaluating the returns on alternative technologies and investments. Cash flow management is key in preserving working capital in these tight economic times. Crop insurance and marketing presents opportunities to manage risks.
These and other topics will be discussed during a series of half-day workshops throughout Illinois in February.
The event, hosted by the Illinois Soybean Association and farmdoc at the University of Illinois, will feature panel discussions during which successful farm managers will bring home these topics as implementable strategies. Optional computer sessions in the afternoon will cover developing a cash flow for an individual operation.
Locations and dates include:
- Feb. 15, Bloomington, Chateau Bloomington
- Feb. 20, Effingham, Carriage House Event Center
- Feb. 21, Mt. Vernon, Drury Inn
Speakers for the sessions will include Dan Davidson, agronomist, Illinois Soybean Association; Gary Schnitkey, professor, farm management, University of Illinois; Dwight Rabb, CEO, Illinois Farm Business Farm Management; as well as personnel from Compeer Insurance and Farm Credit Illinois Insurance.
For more information, or to register, go to www.farmdoc.illinois.edu/resilient-farmer/.
Funding for this project is provided by the North Central Extension Risk Management Education Center, the USDA National Institute of Food and Agriculture under Award Number 2015-59200-24226.
Additional support was provided by the Illinois Soybean Association under their profitability initiative, Compeer Financial, and Farm Credit Illinois.