Iowa State University Extension is holding 12 Agricultural Outlook meetings across Iowa in November and December. The program is designed to provide participants with a concise evaluation of current market conditions, expected trends in crop and livestock income potential, and management implications. Farmers and other interested ag professionals are encouraged to attend.
Chad Hart, ISU Extension grain marketing specialist will discuss past, current and future prices. "Farmers know today's price," says Hart. "What I ask is how much did it cost to produce the crop? To make marketing decisions, farmers need to know their production costs."
Lee Schulz, ISU Extension livestock economist, will explain factors influencing calf prices and how producers can use that information to make decisions about selling at weaning, backgrounding or finishing. In addition to beef cattle prospects, he also keeps track of hog profitability and will provide the hog outlook for Iowa producers in 2016.
Alejandro Plastina, also an ISU Extension economist, will address how to manage a farm business with low-to-negative crop margins. "It's important for farmers and ag-business professionals to have a clear understanding of the profitability analysis for corn and soybeans in Iowa, as well as on their own operations," Plastina says. "Profit analysis, along with being aware of possible strategies you can use to cope with low-to-negative profit margins, are key to managing your farm business in 2016."
Other topics of interest for ag professionals
Additional information will be presented by other ISU specialists. Some locations will provide expertise from ISU agricultural legal experts. ISU field agronomists will discuss tactics to decrease costs to get to a profitable margin in 2016. Specific topics will vary to provide a regional focus.
The sessions are open to the public but preregistration is requested two days prior to date of event. Speakers, registration fees and meals provided will vary by location. For locations, times and program content contact your ISU Extension farm management field specialist or visit extension.iastate.edu/agdm/info/meetings.html.
Pro-Ag Outlook and Management meeting dates and locations
• Nov. 5 – Iowa City
• Nov. 16 – Altoona
• Nov. 17 – Cherokee
• Nov. 19 – Waterloo
• Nov. 19 – Fort Dodge
• Nov. 20 – Mason City
• Nov. 23 – Carroll
• Nov. 23 – Clarinda
• Dec. 8 – Decorah
• Dec. 10 – Greenfield
• Dec. 11 – Mt. Pleasant
• Dec. 11 – Eddyville