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An Invitation to Virtual Farm Economic Summit
By: Scott Irwin, University of Illinois - 11/25/2020

2020 truly has been a year like no other for Illinois agriculture.

The year started with great hope for a surge in agricultural exports to China as a result of the Phase I trade agreement with China and then the COVID pandemic hit. The pandemic absolutely rocked the global economy and caused the U.S. economy to fall into the worst contraction since the Great Depression.

This caused most agricultural prices to plummet and the creation of new ad hoc government programs to assist the sector.

Just when it appeared that things might get even worse with large crops this summer, the grain markets took off, with corn prices rising to $4 and soybean prices to $11.

Simply incredible.

Please join us for a virtual edition of the llinois Farm Economics Summit (IFES) 2020 this December, where we will discuss where the agriculture sector is heading and how to manage in such unprecedented times. We will be holding a series of five IFES 2020 webinars on Dec. 1, 4, 8, 11, and 15. Each webinar will be held from 11 a.m. to noon Central. The format of each webinar will consist of 30 minutes of presentation and 30 minutes for questions and answers

To register for free -- you only have to sign up once for the entire series of IFES 2020 webinars -- go to https://bit.ly/2UZFjHC.

Highlights will include:

Dec. 1 -- 2021 Market Outlook for Corn and Soybeans, Scott Irwin and Joe Janzen

Dec. 4 -- 2020 and 2021 Grain Farm Income Outlook with Risk and Rental Implications, Gary Schnitkey and Dale Lattz

Dec. 8 -- Farm Program and Crop Insurance Decisions for 2021, Nick Paulson, Gary Schnitkey, and Jonathan Coppess

Dec. 11 -- Straining the alphabet soup: Post-election farm policy outlook after three years of ad hoc farm payments, Jonathan Coppess and Joe Janzen

Dec. 15 -- Farmland Markets and Macro Markets, Bruce Sherrick


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