Wed, Dec 18, 2019
10:00am to 10:50am
Wed, Dec 18, 2019
3:00pm to 3:50pm
This presentation will discuss producer sentiment and expected crop prices, and provide projections of net returns, cash rents, and land values. The discussion will include a comparison of 2019 acreage and yields to previous years and long-term trends. Information pertaining to acreage decisions in 2020 will also be discussed.
Michael is the Director of Cropping Systems for the Center for Commercial Agriculture in the Department of Agricultural Economics Department at Purdue University. He received a B.S. and M.S. in Agricultural Economics from the University of Nebraska-Lincoln in 1984 and 1986, and a Ph.D. in Agricultural Economics from Purdue University in 1990. Michael’s extension and research interests include crop insurance, cropping systems, benchmarking, financial management, land markets, risk management, strategic management, and transition planning. He has presented material on these topics to state, national, and international audiences. In addition to his extension and research work, Michael has taught courses in economic theory, farm management, and risk management. Prior to arriving at Purdue, Michael spent 22 years in the Department of Agricultural Economics at Kansas State University. In addition to working on Extension and research projects, Michael taught courses in economic theory and farm management and worked closely with the Kansas Farm Management Association. He also conducted workshops for feed mill managers, emphasizing the importance of tracking financial performance, benchmarking and capital budgeting. In addition to conducting numerous workshops and presenting Extension and research information to numerous audiences in the United States, Michael has conducted workshops and given presentations in Australia, China, Ecuador, Ireland, Germany, New Zealand, Russia, South Africa and Tanzania. He is currently involved in agribenchmark, an international benchmarking group centered in Germany. Michael received a bachelor's degree and master's degree from the University of Nebraska-Lincoln. His doctorate is from Purdue University. Michael's family operates farms in eastern Nebraska.