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Purdue, CME Group to Host Commodity Classic Session
Kansas Ag Connection - 02/23/2018

Economists from Purdue University's Center for Commercial Agriculture and CME Group will present a learning center session at Commodity Classic on Feb. 27 at 8:15 a.m. The conference runs Feb. 27-March 1 in Anaheim, Calif.

The session is titled "The Ag Economy Barometer: Lessons from 2017 and Strategies for 2018." It will focus on the key lessons from 2017 and help producers plan for the financial realities of 2018, based on data from the barometer, including quarterly thought leaders surveys.

"Crop budgets and commodity prices in early 2017 were a near repeat of the tough financial conditions producers faced in early 2016," said James Mintert, center director and session panelist. "However, producers were more optimistic in early 2017. Anecdotal evidence, such as attendance at land auctions and activity at equipment dealerships, hinted that producers were hopeful about what was in store for 2017 and beyond. But as we have seen, commodity prices have continued to hover at or below break-even levels. During this session, we will take a look at what the current agricultural economy means for 2018."

In addition to Mintert, panelists are Jason Henderson, director of Purdue Extension and associate dean of Purdue Agriculture; Fred Seamon, executive director of agricultural research and product development, CME Group; and David Widmar, Purdue senior research associate.

Since April, the Ag Economy Barometer, which is based on a monthly survey of 400 U.S. agricultural producers, has predominantly trended lower until an uptick in producer sentiment in January 2018. The panel will discuss some of the drivers of producer economic sentiment, key lessons from 2017, and factors to consider when planning management strategies for the 2018 growing season.

Learn more about this and other sessions at www.commodityclassic.com.

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