Ag Economists Set to Hold Wisconsin Ag Outlook Forum Today
Wisconsin Ag Connection - 01/21/2015
Agricultural economists and commodity specialists from the University of Wisconsin-Madison and UW-Extension will talk about the financial health of Wisconsin agriculture and the outlook for the year to come at the 8th annual Wisconsin Agricultural Economic Outlook forum in Madison today. The event
coincides with the release of the 2015 edition of the 'Status of Wisconsin Agriculture' report by the UW-Madison Department of Agricultural and Applied Economics.
In 2014, the total net farm income in Wisconsin reached an all-time high of more than $4 billion, but experts at the University of Wisconsin-Madison are predicting some changes in 2015.
"The big word is dairy," says Bruce Jones, a professor of agricultural and applied economics at the UW-Madison. "The price of milk was quite strong throughout most of 2014. That income gain--and in some respects some reductions in feed costs--helped improve the margins for dairy farmers, and that translated
into higher net farm income."
Jones will be among a handful of UW-Madison and UW-Extension experts on hand for the forum.
The day kicks-off with a pre-forum luncheon from 11:15 a.m. to 12:45 p.m. The forum will then cover an overview of how state farmers fared during the past year, along with a look at how national and worldwide economic events will affect agricultural producers and related companies in the year to come. Topics
on the agenda include farm income; inputs and credit, dairy, livestock, corn and soybeans.
The program takes place from at the Tripp Commons room at the Memorial Union.