Use Hindsight for 2020 Planning

One of our current strategic plan’s objectives is to optimize farmer profitability through three areas; business management, yield and sustainable production practices.It’s been said that hindsight is 2020. If that’s the case, Illinois soybean farmers learned a lot of lessons from 2019 that we may be able to apply to the 2020 growing season.

The Illinois Soybean Association (ISA) also uses what has worked in the past to help guide focus for the future. ISA’s mission is to ensure Illinois soy is the highest quality, most dependable, sustainable and competitive in the global marketplace. We concentrate our efforts on those areas that will return the most bang for the buck for soybean farmers, including risk management.

One of our current strategic plan’s objectives is to optimize farmer profitability through three areas; business management, yield and sustainable production practices. The ISA checkoff program funds projects and programs that leverage tools and technology to help farmers improve yield and profitability and provide business management support.

We also look for ways to build support, recognition and engagement with producers. ISA sponsors educational opportunities to help farmers manage risk and increase profitability.

One of those occasions is coming up – the annual ILSoyAdvisor Soybean Summit. Illinois soybean farmers say the free, one-day event has added value to their decision making in the past.

This year’s conference is scheduled for March 10 at the Crowne Plaza in Springfield, Ill., and promises the same. The Summit will feature experts who will share in-season agronomic tips, agribusiness management techniques and the latest in production agriculture technology. You can find out more specifics about the program and register at www.ilsoyadvisor.com.

Other educational risk management opportunities can also be found via ILSoyAdvisor.com:

  • Subscribe to ILSoyAdvisor weekly updates.
  • Participate in webinars covering diverse, in-season production topics.
  • Listen to podcasts for tips on challenges such as soil compaction or soybean stress.

This issue of Soy Perspectives also provides recommendations for managing risk, from crop insurance to pests, and from technology to economics. You will get an update from subject experts about the market outlook for the year ahead, learn how young farmers are managing risk and how industries outside of agriculture address minimizing challenges to their businesses.

And while we may not be able at the beginning of the year to view 2020 with perfect vision, we can prepare to anticipate and tackle any tough decisions as they emerge. I hope your new year is full of fresh opportunities for soybean production success.