Registration Information
Workshop Dates: March 27, 2013
Location: Beck Ag Center, Purdue University, West Lafayette, Indiana
Registration Fee: $150
Program Overview
Farm incomes have been at record levels for the past four years, and 2012 wasn’t as financially painful as drought-induced yield shortfalls would suggest, that is, for farmers who had crop insurance. Land values and cash rents continue to rapidly increase. With the uncertainty of the economic recovery in the United States and European Union, along with the production increases in the rest of the world, can this farm prosperity be sustained?
Farmers and agribusiness professionals can discuss possible answers to this question at this one-day seminar. Sessions throughout the day will feature the center’s latest research findings and give participants a chance to contemplate the farming sector’s financial future during these increasingly unsettling times.
Program Schedule
| 7:00 a.m. | Registration and Continental Breakfast |
| 8:00 a.m. | Welcome |
| 8:15 a.m. | Setting the Stage Mike Boehlje and Nicole Olynk Widmar, Purdue University |
| 8:45 a.m. | Fundamentals Chris Hurt, Purdue University Professor Hurt will provide an insightful perspective on the longer-term future of agriculture, covering topics such as the prospects for future growth in biofuels and Chinese demand for feed grain, along with acreage and productivity increases that will generate additional supply. |
| 9:45 a.m. | Keynote Address: Current prosperity of agriculture – Can it be maintained? Jason Henderson, Federal Reserve Bank of Kansas City |
| 11:00 a.m. | Policy – It is more than the Farm Bill Facilitated by Mike Boehlje, Purdue University An expert panel discussion covering energy, monetary and crop insurance policy, along with what's happening with Chinese policy |
| 12:15 p.m. | Lunch |
| 1:15 p.m. | Risk and Return for Farmland Today Michael Langemeier and Tim Baker, Purdue University Professors Langemeier and Baker will address the risk and return associated with today's farmland market, including whether land is a good inflation hedge. |
| 2:00 p.m. | Purdue on Land Values and Cash Rents Brent Gloy and Craig Dobbins, Purdue University |
| 3:15 p.m. | Industry Perspective on Land Values Facilitated by Mike Gunderson, Purdue University By this point, you will have heard what the academics think about the boom in farmland values. In this session, an outstanding group of panelists with significant experience and exposure to the farmland market will share their perspectives. We will explore their observations to better understand who is buying farmland, why they are buying it, how they are financing it, and what the latest trends look like. The panelists are RD Schrader, Schrader Real Estate and Auction; Bill Johnson, Farm Credit Mid-America; and Howard Halderman, Halderman Farm Management. |
| 4:30 p.m. | What Now? Five Things to Watch Mike Boehlje and Nicole Olynk Widmar, Purdue University |
| 5:30 p.m. | Wrap-up and Adjourn |
Keynote Session
Current prosperity of agriculture – Can it be maintained?
Jason Henderson, Federal Reserve Bank of Kansas City
Jason Henderson joined the Omaha Branch of the Federal Reserve Bank of Kansas City in August 2006 as branch executive. In this role, he serves as the bank’s regional economist and representative in the state of Nebraska, recruits and works closely with the branch’s board of directors and is responsible for briefing the Kansas City Fed’s president – a member of the Federal Open Market Committee – on economic and business activity in the state.
Jason presents frequently to a wide range of business, financial and policy audiences. His research has been widely cited by policy officials, other researchers and leading media outlets, including The Wall Street Journal, New York Times, Financial Times,and USA Today. Read Jason’s complete bio.
Who Should Attend
Farmers and agribusiness professionals who are concerned about the industry’s financial sustainability and resilience will find this seminar thought provoking and beneficial.