Commentary: Commodity Conference to Provide Market Outlook and Tax Update
By: Janet Adkison, Director of Public Affairs and Advocacy, Misssouri Farm Bureau What a week! We’ve officially closed the books on the 2024 Missouri State Fair. The State Fair always proves to be an inspiring opportunity to highlight our state’s agriculture industry while supporting the next generation of farmers, ranchers and ag industry leaders. As we recover from an eventful 11 days in Sedalia, we’re also prepping for another opportunity to engage the state’s ag industry. Missouri Farm Bureau’s (MOFB) annual Commodity Conference will be held next week in Jefferson City on August 26-27. While a major focus of the State Fair is to educate consumers about the farm sector, our Commodity Conference works to bring the latest insight to farmers and ranchers themselves. Those outside of agriculture may view raising a crop as simple. Drop a seed in the ground, water it and let it be. While that appears to be the magic recipe for weeds in the garden, those who rely on harvest to pay the bills and feed the world know that’s far from the care, planning and attention that’s actually required. Similar to computers, phones, homes, and vehicles, which have a new feature every year, agriculture is advancing just as quickly. From seed spacing and drought resistance to seed care and dietary adjustments, research brings forward the latest best practices to produce a crop. Precision agriculture requires fewer trips across the field, which helps reduce inputs and soil compaction. Advancements in feed efficiency help ensure a healthy herd. Agricultural researchers spend years working on the latest best practices so farmers and ranchers can raise a safe and abundant food supply while continuing to do more with less. MOFB works to keep farmers and ranchers informed on the latest happenings in and around the industry. Part of this effort comes from MOFB’s 13 commodity advisory committees. These groups, comprised of farmers with expertise in producing these commodities, provide valuable feedback throughout the year. Each summer, these committees come together for the Commodity Conference. These members, along with other farmers, ranchers and MOFB staff, will gather important information and discuss short and long-term issues that could impact farmers and ranchers. While the 2024 harvest isn’t complete, producers are already planning for the 2025 growing season, and this year’s event will provide valuable information. The first day features a grain and livestock market outlook, followed by a panel discussion on federal agricultural issues. On day two, the agenda will address agricultural sustainability, tax policy and changes for private pesticide applicators. MOFB’s Commodity Conference will send participants back to their counties with a wealth of new information and helpful contacts for the future. Farmers and ranchers across the state are welcome to attend. Registration is free and must be completed online at MOFB.org. | 