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Outlook Forum Slated to Cover Wisconsin Agricultural Forecast
Wisconsin Ag Connection - 01/12/2010

The third-annual Wisconsin Agricultural Economic Outlook forum will review the impact of the 2009 economic downturn on the financial condition of the state's agricultural sector and consider its prospects for 2010. The event takes place on January 20 from 12:45 to 4:45 at the University of Wisconsin-Madison, where economists and commodity specialists will be joined by David Oppedahl, economist with the Federal Reserve Bank of Chicago. Oppedahl directs the district's survey of agricultural banks on agricultural land values and credit conditions and will present a special keynote address during a lunch benefiting the Wisconsin Rural Youth Scholarship.

"Following two years of generally fond memories, most Wisconsin farmers suffered through a year they would like to forget," says Ed Jesse, Emeritus Professor of Agricultural and Applied Economics. Wisconsin agriculture generates $59.16 billion in economic activity and provides jobs for 353,991 people, according to a July 2009 report released by University of Wisconsin-Madison and University of Wisconsin-Extension Cooperative Extension.

The public forum will begin with an overview of Wisconsin agriculture's financial condition and a broad forecast for 2010. The discussion will then turn to the outlook for key Wisconsin commodities, including dairy, corn and soybeans, livestock, and fruits and vegetables, as well as the products and services that farmers purchase. The event will conclude with a panel framing how national and worldwide economic events have affected the state's farmers and agricultural firms.

The forum coincides with the release of the 2010 edition of "Status of Wisconsin Agriculture," published by the UW-Madison Department of Agricultural and Applied Economics. Both meeting are free and open to the public. For more information or to register, call 608-262-5784.

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