The Clay County Extension Service will present, "Agricultural Outlook 2013," at 8:30 a.m., Thursday, Sept. 13, at the Clay County Extension Office.
The program is free to the public and is designed to help farmers, landowners, input suppliers and those interested in agriculture make better business decisions in the coming year.
The program will be presented by Purdue Agricultural Economist Corrine Alexander.
U.S. farmers are facing disappointing corn and soybean yields due to the record-setting drought. Demand remains strong for grains, soybeans and food around the world with limited supplies.
This means prices will be high. The program will help answer how high prices could be.
The livestock sector faces another year of extremely high feed costs and reduced availability of corn. The sector will be negotiating a period of sizable losses, looking forward to a future period of profitability after the 2013 harvest. Regardless, consumers are experiencing the highest costs ever to feed their families.
Crop prices are up, but so are input costs for 2013. The program will outline which inputs are headed higher and how that may affect margins for 2013 and 2014. The battle for acres is underway this fall as producers consider seeding winter wheat.
The program will demonstrate the economic implications of that battle by showing which crops are currently bidding most aggressively for the limited acres.
Land values and rents are expected to move higher again in 2013, but by how much and how high can land values and rents rise before they are too high?
What are the driving factors to be watching? These and other topics will be covered at the event.
Those wishing to attend should contact the Clay County Extension Office at 448-9041 for further information.