2024 Fall Farm Outlook

Page 12 2024 Fall Farm Outlook Lincoln Daily News Oct 2024 feed and labor, combined with macroeconomic pressures on consumers and other issues, have placed producers in a volatile situation. However, light is at the end of the tunnel as the economy rebounds and consumers return to beef. Producers should continue to look for opportunities to keep connected to consumer demands and place their operations in a position to thrive for the future. As always, Illinois Extension is here to help your operations meet those challenges head-on and be viable for the future. [Reagan Tibbs, Logan County Extension] About Extension: University of Illinois Extension develops educational programs, extends knowledge, and builds partnerships to support people, communities, and their environments as part of the state's land-grant institution. Extension serves as the leading public outreach effort for University of Illinois Urbana-Champaign and the College of Agricultural, Consumer and Environmental Sciences in all 102 Illinois counties through a network of 27 multi-county units and over 700 staff statewide. Extension’s mission is responsive to eight strategic priorities—community, economy, environment, food and agriculture, health, partnerships, technology and discovery, and workforce excellence — that are served through six program areas — 4-H youth development, agriculture and agribusiness, community and economic development, family and consumer science, integrated health disparities, and natural resources, environment, and energy. Resources: Franken, J. (2024). How big is the U.S. cattle herd? farmdoc daily (14):138, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, July 25, 2024. Franken, J. (2024). Records are made to be broken! farmdoc daily (14):24, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, February 5, 2024. United States Department of Agriculture, Economic Research Service. (2024, September). 2024 Farm Sector Income Forecast. https://www.ers.usda.gov/topics/ farm-economy/farm-sector-income-finances/ farm-sector-income-forecast/. United States Department of Agriculture, Economic Research Service. (2024, August). Summary Findings – Food Price Outlook, 2024 and 2025. https://www.ers.usda.gov/ data-products/food-price-outlook/summaryfindings/. United States Department of Agriculture, National Agricultural Statistics Service. (n.d.) 2022 Census of Agriculture County Profile – Logan County, Illinois. https://www.nass.usda. gov/Publications/AgCensus/2022/Online_ Resources/County_Profiles/Illinois/cp17107. pdf. United States Department of Agriculture, National Agricultural Statistics Service, Heartland Regional Field Office. (2024, April). Illinois Alfalfa Hay County Estimates. https://www.nass.usda.gov/Statistics_ by_State/Illinois/Publications/County_ Estimates/2024/20240426-IL-Alfalfa-HayCounty-Estimates.pdf. United States Department of Agriculture, National Agricultural Statistics Service, Heartland Regional Field Office. (2024, May). Illinois Cattle County Estimates. https://www.nass.usda.gov/Statistics_ by_State/Illinois/Publications/County_ Estimates/2024/20240513-IL-Cattle-CountyEstimates.pdf.

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