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 Wisconsin 3k 1  Form 2017

2017-2025 Form

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Welcome! My name is Paul Mitchell. I am a professor here in the Department of Agriculture Applied Economics at the University of Wisconsin. I'm also an Extension state specialist, director of the Renk business institute, and co-director of the Nutrient and Pest Management Program. Today we're going to go over the slides I presented at the 2017 Wisconsin Ag Outlook Forum in January. This talk is be broken into three major parts. My talk is overall called the 2016 Farm Income and 2017 Cost Outlook presentation. I'm going to talk about the Wisconsin and the U.S. farm income projections for 2016, that were just about being announced there in January. Then we'll talk about projected 2017 costs and what we see is negative margins for major crops corn and soybean and for dairy farmers for many of them in 2017 coming ahead. And overall the implication is that farmers are financially stressed. But so far the data seem to show a lot of farmers are managing it, but

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