ROCK ISLAND, Ill. — Join University of Illinois Extension on Thursday, Feb. 24 from 9 a.m. to noon at the Holiday Inn, Rock Island, Ill., for discussions with University of Illinois agriculture experts Professor Gary Schnitkey and Sarah Sellers, as they share the latest findings on agricultural Precision Conservation Management and Carbon Market Opportunities for farmers.
The cost is $3 person and includes snacks, coffee and tea. Face masks will be required.
Register here to attend: go.illinois.edu/CarbonMarkets101
Precision Conservation Management (PCM)
Gary Schnitkey, Professor of Farm Management and Soybean Industry Chair in Agricultural Strategy at University of Illinois
Professor Schnitkey will examine the economics of various sustainability practices using Precision Conservation Management (PCM) data. Specifically, the economics of nitrogen application, tillage practices, and cover crops are evaluated. Nitrogen results support using the Maximum Return to Nitrogen (MRTN) recommendation. The PCM dataset also consistently demonstrates that excessive tillage results in lower operator returns. There are some economic challenges related to cover crops. There are farms in the dataset where no-till, MRTN level nitrogen applications and cover crops are incorporated profitably. Explore these issues and others as they relate to PCM.
Carbon Markets 101: What Questions Farmers Should Ask
Sarah Sellers, PhD candidate, University of Illinois College of ACES and has a Masters in Agricultural Economics from Purdue University
The emergence of agricultural carbon market opportunities for farmers has led to a lot of questions for farmers before deciding whether to enter a market. We will discuss some background on agricultural carbon markets, talk about how agricultural carbon markets work, consider the economics of carbon markets, share some resources for carbon market information, and discuss the policy environment that led to carbon market opportunities.
— University of Illinois Extension