By Andi Anderson
The Iowa Farm Bureau Federation (IFBF) invites members and the broader farming community to its upcoming webinar titled “The Economic Outlook and Your Farm.”
This session is designed to equip farmers with critical knowledge and strategies to tackle the ongoing economic challenges in agriculture. Scheduled for July 16 at 1 p.m., this webinar is an essential resource for anyone involved in the ag sector.
Dr. Robert Dieli, an esteemed economist and president of RDLB, Inc., will lead the webinar. With his extensive background in economic forecasting, Dr. Dieli will discuss the impact of inflation and rising borrowing costs on the agricultural economy.
His insights are geared towards helping farmers make informed long-term decisions to sustain their operations during economic downturns.
Zach Brummer, the farm education program manager at IFBF, emphasized the current hardships, noting, "Declining commodity prices and ‘higher for longer’ interest rates continue to impact purchasing power and on-farm profitability, raising concern across the ag sector."
He also highlighted the added pressures from layoffs in related industries, affecting companies like Tyson, Firestone, and John Deere, which further strain the economic landscape for farmers.
The webinar aims to provide actionable insights that can help farmers navigate these turbulent economic times. Participants will learn how to adjust their business strategies to mitigate the adverse effects of these economic pressures.
To secure a spot in this timely discussion, interested attendees can register by visiting the Iowa Farm Bureau's events page at www.iowafarmbureau.com/events and selecting “The Economic Outlook and Your Farm Webinar.”
This webinar is an opportunity to gain expert economic forecasts and a chance to prepare and plan for the future, ensuring the sustainability of farming practices in challenging economic conditions.
Photo Credit: iowa-farm-bureau
Categories: Iowa, Education