Joe Janzen will discuss corn, soybean, and wheat price prospects for 2025. He will provide an update on current global market fundamentals and consider what price expectations based on the latest supply and demand estimates mean for farm grain marketing in the year ahead.
Joana Colussi will provide an update on South America’s crop production, focusing on soybeans and corn in Brazil and Argentina. She will also explore the potential for cropland expansion and export prospects, taking into account supply dynamics and global demand trends.
With projected lower farm incomes than the highs in the early 2020’s, we analyze Illinois FBFM data and economic factors impacting agriculture. Using this information and trends, we will assess the impact of inflation, interest rates, and farm credit conditions on liquidity, land values, farm debt, and deferred tax liabilities.
Brittney Goodrich will review some less commonly used federal crop insurance options, like Pasture Rangeland and Forage Rainfall Index Insurance, Whole Farm Revenue Protection, and livestock price and margin protection products.
Illinois Crop Budgets for 2024 and 2025 suggest negative per acre returns to corn, soybeans, and wheat that could result in some of the lowest farm incomes experienced in the last 4 decades. This session will focus on management strategies farm businesses should consider as they prepare for what could be another multiple-year period of…
Jonathan Coppess will discuss the state of and outlook for the Farm Bill and farm policy including commodity (ARC/PLC), conservation, and crop insurance programs. He will review the issues challenging Farm Bill reauthorizations, as well as initiatives to modify farm policy from crop insurance changes, to refence prices, and the Inflation Reduction Act.