March 23, 2007

Purdue experts to give grain-pricing strategies based on planting intent

WEST LAFAYETTE, Ind. - An IP-videoconference focusing on the implications of farmers' planting intentions this year will take place April 3 at various Indiana sites.

"Biofuels are bringing a lot of optimism to Indiana agriculture," said Corinne Alexander, Purdue University agricultural economist and speaker. "The meeting will examine factors that influence the agricultural economy to help farmers, landowners, lenders and agribusiness managers make strategic decisions in the coming year."

The Purdue Ag Outlook Meeting begins at 7 p.m. and ends at 8:30 p.m. (EDT). The program is free, but participants are asked to register by contacting the nearest site. Also speaking will be Purdue agricultural economist Chris Hurt.

The March 30 "Grain Stock and Prospective Plantings" reports issued by the U.S. Department of Agriculture will be the first indicator of the crops U.S. farmers intend to plant and will likely cause a large reaction in the grain and livestock markets, Alexander said.

The videoconference program will feature an agricultural forecast including income growth and interest rates with a focus on the best pricing strategies for grains taking into account the March 30 reports. Other topics include land values in relation to biofuels and input costs for 2007.

Contact information and the corresponding videoconference locations are listed below. To register, call the appropriate number.

*  Purdue's West Lafayette campus in Pfendler Hall, Room 1144, Corinne Alexander, (765) 494-9425.

*  Pinney-Purdue Agricultural Center in Wanatah, Jon Leuck, (219) 733-2379.

Locations also include Purdue Extension offices in the following locations:

*  Decatur, Brad Kohlhagen, (260) 724-5322.

*  Columbus, Mike Ferree, (812) 379-1665.

*  Charlestown, David Trotter, (812) 987-5139.

*  Aurora, Nicholas Held, (812) 926-1189.

*  Corydon, Adrienne Rich, (812) 738-4236.

*  Plymouth, Robert Yoder, (574) 935-8545.

*  Winamac, Michael Reetz, (574) 946-3412.

*  Rockport, Phillip Schmidt, (812) 649-6022.

*  Evansville, Susan Plassmeier, (812) 435-5287.

For questions and additional information, contact Alexander at (765) 494-4249, cealexan@purdue.edu.

The Ag Outlook Meeting is sponsored by Purdue Extension.

Writer: Julie Douglas, (765) 496-1050, douglajk@purdue.edu

Source: Corinne Alexander, (765) 494-4249, cealexan@purdue.edu

Ag Communications: (765) 494-2722;
Beth Forbes, forbes@purdue.edu
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