Iowa Farm Bureau hosting Ag Market Outlook Meetings
The ag economy faces new challenges in 2024. The potential for record high corn supplies and stubbornly high input costs are creating tight margins. Projections show cattle feeders could see reduced profits compared to 2023, and forecasted returns for hog producers suggest more losses ahead. What does this mean for Iowa farmers and their farming operations?
Iowa Farm Bureau is hosting a series of timely, informative meetings designed specifically to help Iowa farmers navigate the continued pressure of tight operating margins. Meetings will take place in February at five locations around the state.
Iowa Farm Bureau’s Farmer Education Program Manager Zach Brummer and economist Dr. Christopher Pudenz will talk about the impact of projected record ending corn stocks on domestic corn prices, increased South American soy production, an update on segments of the cattle market and what lies ahead for pork producers. Amid unstable markets, high costs of machinery, borrowing and inputs, the duo will share strategies to protect risk.
“While it can appear doom and gloom, there is also opportunity ahead,” says Brummer. “Fertilizer prices are moderating from highs in 2022 and Mexico remains a promising, strong trade partner for U.S. corn and pork exports.”
Experts from Iowa State University will also provide short presentations on managing farm stress and cybersecurity.
Meetings will be held in the following locations:
Calmar — Feb. 7, 9 a.m.-11:30 a.m., at Northeast Iowa Community College.
Donnellson — Feb. 7, 5 p.m.-7:30 p.m., at the Lee County Farm Bureau office.
Eldridge — Feb. 13, 9 a.m.-11:30 a.m., at the Scott County Farm Bureau office.
Tipton — Feb. 13, 2 p.m.-4:30 p.m., at the Cedar County Fairgrounds.
Moville — Feb. 22, 10 a.m.-12:30 p.m., at the Moville Community Center.
To register, go online to iowafarmbureau.com/marketoutlook. Registration is free for Farm Bureau members. Non-members can contact their local county Farm Bureau office to register or sign up to become a member online. For more information, or for issues with registering, contact Ashley Davis at ADavis@ifbf.org.
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