sealPurdue News
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August 21, 2002

At Purdue agricultural outlook meetings, the future is now

WEST LAFAYETTE, Ind. – Farmers have weathered it all in 2002 – soggy conditions in the spring, hot and parched conditions in the summer, fluctuating commodity prices and the complications of a new federal farm bill.

Will the year ahead bring better fortune, or a step backwards? Producers and agribusiness people can get a glimpse of the future during the 74th annual Purdue Agricultural Outlook meeting series.

The free meetings will take place in counties across Indiana from Sept. 12 through Dec. 10. Purdue agricultural economists will lead the sessions and provide their forecasts on crop prices, interest rates, farm policy and related issues.

"We'll provide a peek at 2003 price prospects and marketing strategies for corn, soybeans, wheat, beef cattle, hogs and dairy," said Chris Hurt, a Purdue agricultural economist and outlook speaker. "We'll cover land values and cash rents, along with a comparison of investment returns in Indiana farmland versus the stock market."

Another topic on the agenda is the fallout of a projected grain production decrease this year.

"Weather-related yield losses have hit Indiana crops this season," Hurt said. "Reduced crop production will tighten grain stocks, and the implications for world food supplies and grain prices and storage strategies will be discussed."

Other outlook issues include the U.S. economy, exports and the impact of the 2002 Farm Bill on farmers' operations.

"Farmers will need to make decisions about signing up for the new farm program and alternative ways to handle their base acres," Hurt said. "The outlook program will provide guidelines on these decisions and what effect they will have on Indiana farm incomes."

The county outlook meeting schedule includes:

• Adams – 6:30 p.m. Sept. 16, at the 4-H fairgrounds dining hall.
• Allen – 7 a.m. Sept. 23, at the Knights of Columbus, Fort Wayne.
• Bartholomew – 7:30 a.m. Sept. 16, at the county Extension office.
• Blackford – 6:30 p.m. Sept. 18, at the Blackford County Annex, across from the courthouse.
• Boone – 7 a.m. Sept. 16, at the 4-H Fairgrounds Community Building.
• Cass – 7:30 a.m. Sept. 19, at the 4-H Fairgrounds Community Center.
• Clark – Dec. 10, at a time and location to be announced.
• Clinton – 7 a.m. Sept. 13, at the 4-H Fairgrounds Community Building.
• Decatur – 6:30 p.m., Sept. 19, at a location to be announced.
• DeKalb – 6:30 p.m. Sept. 19, at the Eat'n House, Butler.
• Fayette – 6 p.m. Sept. 17, at Roberts Park/4-H Fairgrounds Expo Building.
• Fulton – 7:30 a.m. Sept. 17, at the 4-H fairgrounds.
• Grant – 7:30 a.m. Sept. 16, at Jim Dandy Restaurant, Marion.
• Greene – 7:30 a.m. Sept. 20, at the 4-H Fairgrounds Community Building.
• Hamilton – 7 a.m. Sept. 20, at the county exhibition center dining room.
• Harrison – Dec. 10, at a time and location to be announced.
• Hendricks – Noon Sept. 13, at the 4-H fairgrounds auditorium and dining room.
• Henry – 7:30 a.m. Sept. 20, at the Sulphur Springs Community Building.
• Madison – 8 a.m. Sept. 17, at the 4-H Fairgrounds Community Building.
• Marshall – 6:30 p.m. Sept. 16, at the county Extension office.
• Montgomery – Noon Sept. 18, at the 4-H fairgrounds.
• Newton – 6:30 p.m. Sept. 19, at the South Newton High School cafeteria.
• Orange – Dec. 9, at a time and location to be announced.
• Parke – Noon Sept. 16, at the county Extension office.
• Posey – 5 p.m. Sept. 18, at Redman Farms.
• Pulaski/Starke – 8 a.m. Sept. 19, at a location to be announced.
• Rush – 6:30 p.m. Sept. 17, at the 4-H Fairgrounds Root Building.
• Scott – Dec. 9, at a time and location to be announced.
• Shelby – 7 p.m. Sept. 16, at the county Extension office.
• Sullivan – 7:30 a.m. Sept. 17, at the 4-H fairgrounds.
• Wabash – 7:30 a.m. Sept. 18, at the 4-H Building on the county fairgrounds.
• Warrick – 6:30 a.m. Sept. 19, at Schnur Farms.
• Washington – Dec. 10, at a time and location to be announced.
• Wayne – 11:30 a.m. Sept. 16, at MCL Cafeteria, Richmond.
• Wells – 6:30 p.m. Sept. 12, at the 4-H Fairgrounds Wells County Community Center.
• White – 7:30 a.m. Sept. 18, at the 4-H Fairgrounds Community Building.

For more information, contact a county office of Purdue Extension.

Writer: Steve Leer, (765) 494-8415, sleer@purdue.edu

Source: Chris Hurt, (765) 494-4273, hurtc@purdue.edu

Ag Communications: (765) 494-2722; Beth Forbes, bforbes@aes.purdue.edu; http://www.agriculture.purdue.edu/AgComm/public/agnews/

Related Web site:
Purdue University Department of Agricultural Economics: http://www.agecon.purdue.edu/

Purdue News Service: (765) 494-2096; purduenews@purdue.edu


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