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September 5, 2013

Extension to offer 2014 agricultural outlook webinar

WEST LAFAYETTE, Ind. - Purdue Extension will present a free webinar Sept. 13 to help farmers, land owners, input suppliers and others involved in agriculture make better business decisions in the next year.

Extension agricultural economist Corinne Alexander will present the "2014 Agricultural Outlook Summary" at 8:30 a.m. (EDT). Attendees can sign in to the webinar as a guest at http://gomeet.itap.purdue.edu/outlook-2013

Alexander will discuss a number of important agricultural issues, including crop prospects and strategies for marketing this year's crops.

"Indiana agriculture has returned to abundant production after the 2012 drought," she said. "Yield prospects for the state are among the best in the U.S., and this means the grain handling and processing industries will be returning to full capacity."

Although late-season dryness and frost could still pose problems to crops, Indiana crop producers still expect good corn and soybean yields.

Other webinar topics will be estimated costs for 2014 crop production and expected returns for each crop.

"Farmers and agribusiness managers need to be thinking about what to plant in 2014," Alexander said. "Purdue has developed its first estimates of crop production costs, and there are some surprises."

Grain prices need to be lower to encourage end users, such as livestock producers, to increase consumption. But Alexander said the animal sector is ready for an expansion, and she will discuss how big that expansion could be and which species could expand the most.

Also included will be discussions about land values and cash rents, farm income and government policy.

Writer: Amanda Gee, 765-494-8402, agee@purdue.edu

Source: Corinne Alexander, 765-494-4249, cealexan@purdue.edu

Ag Communications: (765) 494-2722;
Keith Robinson, robins89@purdue.edu
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