Farm Progress

Here's a brief look at the 2017 Illinois Pork Expo agenda and at land value trends.

January 18, 2017

2 Min Read
ALL THINGS PORK: The 2017 Illinois Pork Expo will cover topics such as commercial production, showing hogs, legislation and more.

Illinois Pork Expo kicks off Jan. 31
The 2017 Illinois Pork Expo will be held at the Prairie Capital Convention Center on Jan. 31 and Feb. 1. The “Power of Us” theme emphasizes strength in numbers as hog farmers learn new practices, face challenges and produce quality products in the coming years.

Here’s a rundown of what to expect at Illinois Pork Expo 2017.

Jan. 31:

IPPA Annual Meeting: Delegates from across Illinois will debate and approve policies related to pork production and organizational issues, and elect Illinois Pork Producers Association board members.

Recognition Luncheon: Help congratulate award winners and the new youth ambassador; meet Bill Even, National Pork Board CEO; and hear Neil Dierks, National Pork Producers Council CEO, discuss issues impacting the pork industry at the federal level.

Legislative Reception: Attendees will engage with legislators and discuss challenges in the pork industry.

To register and view a complete agenda, visit ilpork.com.

Feb. 1:

Commercial Production A to Z: This presentation will cover all aspects of commercial production: Opportunities, Expectations and Experiences for Contract Growers; Lending Requirements for Contract Production; Fertilizer Values — Saving Money by Using Manure; Ventilation Systems of Swine Barns and New Technologies; Employee Onboarding and Retention

Youth/Show Pig Seminar: Speakers will discuss updates from various associations and the Illinois State Fair, the new Livestock Quality Assurance Program for Youth, show pig feed readiness and getting show pigs cycled.

 

 

 

Land value trends
Several factors will determine the direction of land values, says Randy Dickhut, senior vice president of real estate operations for Farmers National Co. Agricultural landowners have seen a decline in profits in the last three years, pushing land values lower.

“This winter, questions abound as to the direction of commodity prices, interest rates, inflation, challenges in the world economy, weather and U.S. tax law,” Dickhut notes. “Ag land buyers are asking if it is an opportune time to purchase farm or ranch land, while sellers are asking if the market dynamics indicate a good time to sell land.”

Dickhut says interest rates are a key factor impacting land prices. Grain and livestock prices driving farm and ranch income also influence land values.

Top-quality land values in several Midwest states, including Illinois, have held steady, while medium-quality land has trended downward, says Roger Hayworth, ALC, area sales manager for Farmers National Co. The average sale price for high-quality land in Illinois is holding steady at $11,000 per acre in January, only $200 per acre less than a year ago.

Low-quality land sales struggle, with an average 10% decline in value.

 

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