Crop marketing outlook program Nov. 15 in Rock Falls

ROCK FALLS – The Lee, Carroll, Ogle and Whiteside County Farm Bureaus along with COUNTRY Financial will host a crop marketing outlook at 7 p.m. Nov. 15 at the Days Inn, Rock Falls.

“Beyond Supply & Demand: Crop Market Price Outlook & Strategies” is a two-hour seminar designed specifically for producers to help them manage risk associated with the current commodity markets and identify market conditions to capture profit margins through this year into next.

Dr. Steve Johnson, Iowa State University Extension farm management specialist, will facilitate the program.

“Steve has served as the Farm & Ag Business Management Specialist in Central Iowa for Iowa State University Extension and Outreach since 1999,” Ogle County Farm Bureau Manager Ron Kern said in a news release. “He specializes in topics related to government farm programs, crop insurance, crop marketing, grain contracts, farmland leasing and other crop risk management strategies. In the past year, he has conducted more than 120 meetings, workshops, seminars and conferences across the Corn Belt with nearly 15,000 in attendance.”

Johnson uses websites such as ISU Ag Decision Maker and Polk County Extension Farm Management along with various print and electronic media. Annually he reaches more than 200,000 producers, landowners and other agribusiness professionals, Kern said.

During the two hour program producers will examine the following topics:

• Global Supply/Demand and Crop Price Outlook

• Estimating 2024 Crop Input Costs

• Utilizing Futures Price and Crop Insurance

• Global Geo-Political Issues and Recession

• Implementing a 2024-2025 Marketing Plan

• Implications of U.S. Dollar Value, Debt and Interest Rates

“This presentation will assist producers in designing and implementing a marketing plan that is specific to their own operation. It will present producers with various options they can effectively utilize to capture market profits, manage market risks in this volatile market, minimize cost increases and make informed decisions on input pricing, storage options and position their marketing plan for profit protection,” Kern said.

Market, global and recent economic factors will be examined and producers will learn to identify where profit opportunities and pitfalls lie for their farm operations, he added.

Pre-registration is required. To register for the program call 815-732-2231 or email cfb@ogle.comcastbiz.net