Importance of Crop Basis when Marketing Grain

February 2, 2023

Basis is an important component for crop producers to consider when marketing grain because it is used to convert the futures price to a local cash equivalent. Futures prices and basis follow different seasonal patterns so the ability to manage futures price risk and basis risk independently creates an opportunity to improve returns. Join Purdue ag economists and co-creators of the Purdue Crop Basis Tool, Nathan Thompson and Jim Mintert for an episode discussing the advantages of using the Center’s Crop Basis Tool.

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How Much Have Eggs & Other Food Prices Risen?

January 26, 2023

With egg prices up nearly 75% and grocery bills on the rise, Jayson Lusk joins Brady Brewer to discuss food price inflation on this AgCast episode. Although food prices have been on the rise since the onset of the COVID-19 pandemic, certain grocery items have risen more than others. Jayson, Director of the Center for Food Demand Analysis and Sustainability (CFDAS), shares why many livestock producers are scaling back, the effects of supply chain issues, and how food inflation is affecting consumer spending and preferences.

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2023 Top Farmer Conference Recap: Interest Rates

January 19, 2023

In this episode, Purdue’s Brady Brewer was joined by Michael Langemeier, associate director of Purdue’s Center for Commercial Agriculture and Jason Henderson, senior associate dean of Purdue’s College of Agriculture and professor of agricultural economics. The podcast episode was a follow-up to the panel discussion the group had at the 2023 Purdue Top Farmer Conference focused on the U.S. economy, the Federal Reserve’s policy choices in 2023 and what it means for interest rates and the farm economy.

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2023 Top Farmer Conference Recap: Machinery

January 18, 2023

Associate Professor of Agricultural Economics at the University of Kentucky Tyler Mark joined Purdue’s Brady Brewer at the 2023 Top Farmer Conference to discuss the machinery market. In this episode, the two discuss key factors related to machinery prices, and what buyers should be thinking about as they make equipment purchase decisions in 2023 and 2024. 

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2023 Top Farmer Conference Recap: Land Values

January 17, 2023

Purdue’s Brady Brewer was joined by R.D. Schrader, President of Schrader Real Estate and Auction Co., and Howard Halderman, President and CEO of Halderman Real Estate and Farm Management at the 2023 Purdue Top Farmer Conference to discuss land values. In this episode, Brewer, Schrader and Halderman give insights into what is in store for the farmland market, how interest rates may impact farmland markets, and the impact of institutional buyers. 

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Price Distribution Tool

January 17, 2023

The Illinois Price Distribution Tool, by Farmdoc, uses current option market prices to derive estimates of the probability distribution of prices at the expiration of an underlying corn and soybean futures contracts.

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Crop Basis Tool

January 17, 2023

The Purdue Center for Commercial Agriculture Crop Basis Tool is a web-based tool that provides access to weekly historical and contemporaneous corn and soybean basis data for local market regions in the eastern corn belt.

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January Corn & Soybean Outlook Update

January 13, 2023

Nathan Thompson and Michael Langemeier joined James Mintert on this podcast to discuss new information from USDA’s January 2023 World Ag Supply & Demand Estimates (WASDE) report, which was released on January 12th. During the podcast they also provided an update on Eastern Corn Belt corn and soybean basis bids, marketing opportunities for both old and new crop corn and soybeans along with current breakeven estimates for corn and soybean production in 2023.

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2023 Crop Cost and Return Guide

January 13, 2023

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the January 2023 crop budget estimations for 2023.

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2023 Top Farmer Conference Recap: Corn & Soybean Outlook with Iowa State’s Chad Hart

January 12, 2023

Dr. Chad Hart, crop marketing specialist from Iowa State University, joined Purdue’s Brady Brewer on January 6, 2023 at the Purdue Top Farmer Conference to discuss the key factors he is monitoring that will impact both the corn and soybean price outlook in 2023 and 2024.

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Congrats to @PurdueAgEcon’s Maria Marshall, Renee Wiatt, and Michael Langemeier on winning the @PurdueAg Team award for their work on succession planning

With egg prices up over 75% & #grocery bills on the rise, @JaysonLusk, Distinguished Professor, Head of @PurdueAgEcon, & Director of @cfdas_purdue joins @bradybrewer to discuss food price inflation. #AgCast
https://www.podbean.com/eas/pb-shsj8-1373b56

The #Purdue Top Farmer Conference was a couple weeks ago, but the topics are still relevant! Catch the highlights from the #PTFC23 as the speakers join @bradybrewer on our latest Purdue Commercial #AgCast episodes. #PodcastRecommendations

Follow @PUCommercialAg to see the latest farm management news.

Purdue Crop Cost and Return Guide
Dec Corn & Soybean Outlook Update Recording
Comparing Net Returns for Alternative Leasing Arrangements
Indiana Farmland Prices Grow at Record Pace in 2022, Purdue Land Values and Cash Rents Survey

Monthly Corn & Soybean Outlook Update

Webinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Catch the next monthly update on February 9 for the corn and soybean outlook following release of USDA’s February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free.

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Commodity Classic 2023

The Purdue University Center for Commercial Agriculture will present a Learning Center Session on Thursday, March 9 entitled Financial and Risk Management Strategies for 2023, at Commodity Classic in Orlando, Florida.

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Farming Together: Cultivating Relationships and Having the Cash to Bring in the Next Generation

Where do you begin if you’re looking to transfer your farm to the next generation? Before starting with a legal entity, it’s important to come together and establish common goals and a direction for where you picture your operation moving in the future. Our Farming Together workshop will help you begin discussions to lead you to a successful transition.

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Find out where we will be presenting next as we collaborate with others.