Webinars Archive (2022)

Reasons for optimism about farm incomes exist for 2022. However, risks remain. This webinar will discuss crop insurance, rental arrangements, and marketing for the 2022.

The Post Application Coverage Endorsement (PACE) provides financial protection when farmers can not apply nitrogen post-planting. This is the first year for the pilot PACE is available in northern and central Illinois.

With spring planting just around the corner, FBFM field staff will provide an income and tax update. A new educational program called AMP will be discussed that is being sponsored by Illinois Soybean Association, Illinois Farm Business Farm Management, and farmdoc.

By March 15, farmers have the opportunity to change their commodity title choices around Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). Final thoughts on risk management for the 2022 season will be given.

Should the Russian-Ukraine conflict impact crop insurance and commodity title decisions. An update on the conflict will provide additional context for crop insurance and commodity title decisions. The deadline for those decisions is March 15. Presenters are Nick Paulson, Bruce Sherrick, and Gary Schnitkey

The March Grain Stocks and Prospective Plantings reports usually result in one of the most volatile days of the year in the grain markets.  This year the reports have even more importance due to spiking prices as a consequence of the Ukraine-Russia crisis.  We will discuss the important USDA estimates released in the USDA reports…

Do you want to learn more about how conservation practices like reduced- and no-till, cover crops, and nitrogen management impact corn and soybean production, profitability, and environmental impact? In this 1-hour webinar, the PCM and University of IL Agricultural Economics Team will summarize 7-years of data from the Precision Conservation Management program (PCM). PCM is a farmer service program led by IL Corn Growers Association and IL Soybean Association. PCM’s objective is to work 1-on-1 with farmers across Illinois as they make financially based conservation decisions on their farms.

The webinar will review USDA’s June 30 Grain Stocks and Acreage reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans will provide a clearer picture of total 2021-22 marketing year consumption, ending stocks, and price prospects.…

Profits are projected for Corn Belt farms in 2023, but likely lower returns than 2021 and 2022.  As the planning season for the upcoming crop year goes into full force, this outlook for 2023 farm returns will be useful in making rental, acreage, and input decisions, including focus on nitrogen decisions and the availability of…

Farmland prices have increased at a phenomenal rate in the past year.  Returns to farmland remain high, but interest rates could increase.  Luke Worrell will present results of the mid-year survey of the Illinois Society of Farm Managers and Rural Appraisers.  Bruce Sherrick will provide perspectives on farmland prices.

The recent Inflation Reduction Act includes several agricultural provisions including conservation, energy programs, and farm debt relief. Learn more about the impact on agriculture included in this legislation and explanation of what this means as the expiration of the current farm bill approaches.

Historic growth in Brazilian agriculture will be documented, and projections will be made for the 2022-23 production year. Joana Colussi will bring perspectives on the potential of Brazilian agriculture in the future, especially regarding soybean and corn acreage and production.

Machinery investments on farms have been increasing due to various factors.  Brad Zwilling with Illinois Farm Business Farm Management (FBFM) will use FBFM data to look at the farm machinery investment over time as well as some other farm financial trends affecting farms.

Access to financial capital is one of the many challenges that young and beginning farmers face. Learn more about these challenges and programs offered by agriculture lenders and the USDA that can provide expanded access to capital for operating costs and land purchase.

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Farmland owners often have questions about leasing arrangements and other basics about owning land. Herein, we will provide the basics of the four different leasing arrangements: share rent, cash rent, variable cash rent, and custom farming. We will also cover questions of first-time landowner

Farmers are being strongly encouraged to shift fertilizer applications away from the fall to the spring as it can lead to improved water quality impacts. However, high fertilizer prices and heightened uncertainty surrounding supply chains create incentives to move forward with at least some level of fall application as a risk management strategy. This webinar…

FBFM staff offer insight for key tax topics to produce meaningful year end planning results. Strategies to manage tax liability using depreciation, prepaying expenses, retirement plans, installment contracts, and tax brackets will be discussed. Income tax liabilities are often a significant reduction to net worth; planning before year end helps guide to better results. Looking…