$20,000 AN ACRE FARMLAND, WILD SWING IN GRAIN MARKETS; WHAT'S NEXT? NATIONAL EXPERTS HELP IOWANS MANAGE RISKS AT JULY 23-24 ECONOMIC SUMMIT
WEST DES MOINES, IOWA - May 29, 2012 - 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 (IFBF), Iowa's largest grassroots farm organization, is bringing national experts to the Iowa State Center Scheman Building July 23-24 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 a complete listing of the panelists and schedule, click here http://www.iowafarmbureau.com/
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About Iowa Farm Bureau
The Iowa Farm Bureau Federation is a grassroots, statewide organization dedicated to enhancing the People, Progress and Pride of Iowa. More than 153,000 families in Iowa are Farm Bureau members, working together to achieve farm and rural prosperity. For more information about Farm Bureau and agriculture, visit the online Newsroom page at www.iowafarmbureau.com.
