A $20,000-an-acre sale of farmland in northwest Iowa grabbed the attention of media nationwide, but what will be the real consequences for farmers squeezed by high sale and rental prices once their promising grain crops come out of the field this fall? The Iowa Farm Bureau Federation is bringing national experts to the Iowa State Center Scheman Building July 23 to 24 to help farmers manage the incredible economic risks involved in farming today.
"Land prices and cash rents are the biggest points of exposure for almost every Iowa farmer; we've seen land prices and commodity prices double or triple in a relatively short period of time this year," says IFBF Director of Research and Commodity Services David Miller. "We want to help farmers understand the risks of a very strong farmland market and put those risks in proper perspective."
The IFBF Economic Summit features experts ranging from economist Danny Klinefelter of Texas A&M University and Jeff Plagge, president-elect of the American Bankers Association, to Iowa State University weather expert Elwynn Taylor, a panel of D.C. experts from the Senate and House Ag Committees and Daniel Mitchell of the Washington, D.C. 'think tank,' the CATO Institute. For more information, go to www.iowafarmbureau.com.
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