Risk and Profit Conference

REGISTER

Questions? Rich Llewelyn at rvl@ksu.edu or 785.532.1504.

Dates & Location
August 15 - 16, 2024

Manhattan

K-State Alumni Center
1720 Anderson Ave.
Manhattan , KS

REGISTER

Questions? Rich Llewelyn at rvl@ksu.edu

Schedule
2024
 

Thursday, August 15

    Lunch: 11:30 am - 12:15 pm

    General Session I:  12:15 pm - 1:30 pm  - TBD

"TBD"

    Breakout sessions: A) 1:40-2:30; B) 2:40-3:30; C) 3:40-4:30; D) 4:40-5:30.

    Social and cash bar: 5:30 - 6:00 pm.

    Dinner: 6:00-6:45 pm

    General Session II: Conversation with a Kansas Farmer - 6:45-8:00 pm

 TBD
 

Friday, August 16

    Rolls and juice: 7:45-8:15 am.

    General Session III: 8:15-9:15 am

 Grain Market Outlook - Daniel O'Brien

    Breakout sessions: E) 9:30-10:20; F) 10:30-11:20; G) 11:30-12:20.

    Lunch: 12:30 - 1:15 pm.

    General Session IV: 1:15-2:30 pm

Livestock/Beef Market Situation and Outlook - Glynn Tonsor

    Final wrap-up: 2:30-2:45 pm.

Speakers

Thursday noon:  

P

 


Thursday evening: Kansas Farmer: 

 


 

Session Summaries
2024 Breakout Sessions

1. Why Do We Have a Farm Safety Net?

Jenny Ifft

he US farm safety net consists of: 1) the Federal Crop Insurance program; 2) Commodity/Title 1 programs (ARC/PLC); and 3) Standing and ad hoc disaster programs. What are the economic and social justifications for our current farm safety net? Is the farm safety net too big or not big enough?  Is reform desirable or even possible?  This will be a slide-free, open-ended, and unrecorded discussion of the "what, where, why, when, and how" of our current farm safety net. 


2. Macroeconomic Outlook

Brian Briggeman

O


3. Kansas Farm Income and Conservation Practices

Jenny Ifft, Delide Joseph

O


4. A Projection of Net Farm Income for 2024 and 2025

Gregg Ibendahl

This session will discuss the projected net farm income for 2024 as well as the prospects for 2025. Included in the discussion will be an estimate for corn and soybean yields for the state.


5. Kansas Water Management Challenges and U.S. Federal Crop Insurance Program

Jenny Ifft, Sam Zipper

O


6. Farming Together: A Transition Planning Discussion

Ashlee Westerhold, David Kehler

After working with six families through a financial analysis during their succession planning process, we will discuss how families are supporting both families in a transition process or why they are not able to support two families in this process. We will discuss some dos and don’ts when it comes to working with family members, how to handle the financial side of the business when in the transition process, and what some findings are from our analyses.


7. Effects of Production Diversification on Net Farm Income: Evidence from Kansas

Priyanka Sharma, Aleksan Shanoyan

O


8. Long-Term Strategic Risk on Your Farm

Brady Brewer

O


9. 2024 Farm Income Tax Update

Kellen Liebsch

Updates to federal and state income tax for 2024, including depreciation. A brief look will also be included on retirement plan contributions, tax credits, and other items pertaining to the potential expiration/extension/reform of the 2017 Tax Cuts and Jobs Act (TCJA).


10. The Economics Of Equipment Purchasing: What You Should Consider Before Buying New Equipment

Brady Brewer

O


11. U.S. Feedlot Adoption of Enteric Methane Emission Mitigating Technology

Jaime Luke, Glynn Tonsor

O


12. Meat Demand: Insights from the Mead Demand Monitor

Glynn Tonsor

In this session, Dr. Tonsor will overview the beef and pork checkoff-supported Meat Demand Monitor (MDM) project.  A focus on recent trends and insights will be provided along with an illustration of how to use the available data visualization tools.


13. Hay Price-Quality Pricing Model

Bryston Warren, Joe Parcell, Ted Schroeder, Jenny Ifft

O


14. Beef Quality Enhancements: Exploring the Market Dynamics and Economic Implications

Katy Doumit, Ted Schroeder

O


15. Space Weather Impact on Agriculture

Terry Griffin

O


16. Impact of Russia’s Invasion of Ukraine on Grain and Oilseed Production and International Trade

Antonina Broyaka

O


17. TBD

Allen Featherstone

O


18. Impacts of the North American Free Trade Agreement on Farm Profitability and Survival

Jiyeon Kim, Jisang Yu

U.S. agriculture has been experiencing increases in its exports to foreign markets in the last three decades due to global trade liberalization. Specifically, the North American Free Trade Agreement (NAFTA) boosted agricultural trade between the U.S., Canada, and Mexico by eliminating barriers to trade. Better accessibility to the global market may lead to gain or lose for U.S. agricultural producers. In this presentation, we discuss how trade exposures influence the survival of farms by affecting profitability, focusing on the case of NAFTA. We find that trade exposure positively impacts farm profit in the short term after implementing NAFTA. In addition, we find that greater export exposure leads to a decrease in the rate of farm exit.


19. Situation and Outlook for Energy and Biofuels

Gregg Ibendahl, Daniel O'Brien

In this session, we discuss current oil, diesel, ethanol, biodiesel, and renewable diesel energy use and the prospects for growth in the biofuels usage.


20. The Performance of the Food Manufacturing Industry in Kansas

Abena Damuah, Vincent Amanor-Boadu

I


21. Uncertainty, Risk, and Strategic Alliances

Ed Perry, Amanda Tian


Registration information

REGISTER

Or: https://commerce.cashnet.com/ksuagecon

Or print the BROCHURE, and mail a check made out to KSU Extension, to: 
Rich Llewelyn
324B Waters Hall
1603 Old Claflin Place
Manhattan, KS 66506

Questions? Rich Llewelyn at rvl@ksu.edu

Trade show

More information, contact Rich Llewelyn: rvl@ksu.edu or 785.532.1504 .

Directions

To Manhattan, Kansas and the K-State Alumni Center (17th & Anderson):

From the east: I-70 to exit 313. North on Hwy 177 to Ft. Riley Blvd then west to 17th Street. North (right) on 17th to Anderson Ave. 

From the west: I-70 to exit 303. North on Hwy K114/K18 (Ft. Riley Blvd) to 17th St. North (left) on 17th to Anderson.

From the north: Hwy 77 south to Seth Child Rd (Hwy 113). South on Seth Child to Anderson Ave. East (left) on Anderson to 17th St.

Hotel accomodations

Holiday Inn - Campus
 
1641 Anderson
 Manhattan, KS 66502
 785.539.7531


Conference Rate: $99.95 + tax / night
 
Single or Double
 Rates valid August 14-16, 2024
 Cut-Off Date: August 1, 2024
 Use Group Code:
RIS

 

 

Parking

There is limited parking available at the Alumni Center. If spots are available, you can park there. You will need an Alumni Center pass, which will be available as you arrive.

Conference parking is included in the registration fee, for either the lot west of Old Stadium, or for the parking garage. You may park in either location, then bring your tag number (write it down or take a picture of it) to the registration table and we will take care of it for you. 

  • Limited parking is available in the Alumni parking lot for those arriving early. 

  • Additional parking is available in the lot west of Old Stadium (across Denison Avenue), north of the Catholic Church, or in the parking garage.

  • Parking is permitted only in areas designated for parking. Parking is not permitted on campus streets or drives

  • Please observe HANDICAP, RESERVED and NO PARKING zones; these are TOW ZONES and violators will be towed.

For more information, contact Rich Llewelyn at the phone or email below:
Phone: 785-532-1504  Email: rvl@ksu.edu