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September 8, 2000
Purdue agricultural economists travel state
to give farming outlook
WEST LAFAYETTE, Ind. – Indiana farm incomes are expected to increase this year despite the fact that farmers may receive the lowest price for their grain in 30 years while also paying higher fuel bills. That message will be delivered during 31 agricultural outlook meetings to be presented by Purdue University Agricultural economists around the state in September.
"The improvement in farm incomes this year is related to sharply higher yields, to strong livestock prices and to continued support from government payments," said Chris Hurt, professor of agricultural economics.
Hurt said farmers have some major management decisions to make this fall.
"The biggest immediate concerns for farmers are deciding how to handle, market and price this year's record corn and soybean crops," he said.
Indiana's storage capacity may be as much as 300 million bushels short of storage needs.
During the presentations, Purdue ag economists will discuss topics such as whether prices will recover; should crops be stored; and when should loan deficiency payments be taken. Each meeting will include a summary of the outlook and marketing strategies to be considered for corn, soybeans, wheat, beef cattle, dairy cattle, hogs, and poultry.
"The overall objective is to focus on strategies that farmers and agribusiness managers can employ to make their best decisions in the coming year," Hurt said.
The meetings also provide helpful information for lenders and land owners.
"Land values and cash rents increased over the last year," Hurt noted. "Each program will also include discussion of the forecast for financial returns on land, and the most profitable crops to consider planting in 2001."
Contact the local county Extension office for more information on meeting locations in your area. Meetings will also be held later this year in additional counties. The dates and times for this month's meetings follow:
• Adams County, Sept. 21, 6:30 p.m.
• Allen County, Sept. 18, noon.
• Bartholomew County, Sept. 13, 6:30 p.m.
• Boone County, Sept. 14, 7 a.m.
• Cass County, Sept. 18, 7:30 a.m.
• Clay/Owen Counties, Sept. 18, 7 p.m.
• Clinton County, Sept. 13, 7:30 a.m.
• Decatur County, Sept. 20, 7 p.m.
• Dekalb County, Sept. 21, 6:30 p.m.
• Fulton County, Sept. 19, 7:30 a.m.
• Grant County, Sept. 13, 8 a.m.
• Hamilton County, Sept. 19, 7 a.m.
• Hancock County, Sept. 13, 6:30 a.m.
• Howard County, Sept. 13, 7:30 a.m.
• Huntington County, Sept. 20, 7 a.m.
• LaPorte/Porter Counties, Sept. 18, 7:30 a.m.
• Madison County, Sept. 13, 8 a.m.
• Montgomery County, Sept. 15, 7 a.m.
• Newton County, Sept. 14, 7:30 p.m.
• Perry/Spencer Counties, Sept. 20, 7:30 a.m.
• Posey County, Sept. 13, 5 p.m.
• Pulaski County, Sept. 21, 7:30 a.m.
• Putnam County, Sept. 13, 7 a.m.
• Rush County, Sept. 14, 6:30 p.m.
• Shelby County, Sept. 18, 7 p.m.
• Sullivan County, Sept. 21, 7 a.m.
• Tippecanoe County, Sept. 13, 11:30 a.m.
• Warrick County, Sept. 14, 7 a.m.
• Wayne County, Sept. 14, 11:30 a.m.
• Wells County, Sept. 13, 6:30 p.m.
• White County, Sept. 14, 7:30 a.m.
Source: Chris Hurt, (765) 494-4273; hurt@agecon.purdue.edu
Writer: Beth Forbes, (775) 494-2722; bforbes@aes.purdue.edu
Purdue News Service: (765) 494-2096; purduenews@purdue.edu
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