Northern Indiana Corn Basis Begins Weaker, but Narrows Gap with Southern Indiana as Harvest Proceeds

October 11, 2024

Through the first month of the 2024-2025 marketing year, two distinct patterns in Indiana corn basis have emerged. First, basis levels in the Northern and Eastern parts of the state began September significantly lower than those in Southern Indiana. The second trend involved changes in regional corn basis through September.

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The 2024-25 Financial Downturn: Who is the Most Vulnerable

October 2, 2024

Midwest crop producers have experienced a significant downturn in corn, soybean, and wheat prices since the beginning of the year and farm incomes are expected to be much lower in 2024 than they have been the last three to four years. Moreover, current expectations are that prices will continue to remain at or below the cost of production for at least a couple more years. Consequently, a key question being asked is as follows: “who is the most vulnerable financially during this downturn”?

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Farmer Sentiment Reaches Lowest Levels Since 2016 as Income Expectations Weaken

October 1, 2024

The Purdue University/CME Group Ag Economy Barometer recorded its lowest readings since March 2016 in September. Declining income expectations pushed farmer sentiment down as the barometer fell 12 points to 88. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the September 2024 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.

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(Part 2) 2024 Indiana Cash Rent Trends

September 26, 2024

Negotiating cash rental rates? This AgCast episode explores 2024 farmland cash rent trends in the Purdue Farmland Value and Cash Rental Rates survey and long-term trends in Indiana cash rental rates, including an examination of regional variation in rates within Indiana. The discussion concludes by examining the relationship between cash rental rates and estimated net returns to land as well as the long-term farmland price to cash rent ratio.

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Connecting Soil Health to Economics: A Look at Balancing Farm Goals

September 16, 2024

Michael Langemeier presented at the Regional Conservation Finance Ag Educator Training in Arlington, WI on September 16, 2024, on connecting soil health to economics and looking at formulating and priortizing farm goals.

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The Economics of Reduced Tillage and Cover Crops: Exploring Aggregated Data

September 16, 2024

Michael Langemeier presented at the Regional Conservation Finance Ag Educator Training in Arlington, WI on September 16, 2024, on the economics of reduced tillage and cover crops.

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(Part 1) 2024 Indiana Farmland Values & Market Trends

September 11, 2024

Interested in the latest trends and insights on U.S. & Indiana farmland values? This AgCast episode shares insights from the Farm Sector Balance Sheet, USDA data collection methods, regional variations in land values, and the influences of factors such as interest rates and development pressures on farmland prices. Gain an in-depth understanding of trends, market dynamics, and future expectations for farmland values.

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Crop Basis Levels Finish Weaker Than Recent Years

September 6, 2024

Looking back on last year, the importance of understanding how basis affects your marketing plan is evident. Basis levels for corn and soybeans peaked at different times during the 2023-2024 marketing year. Preparing for the Fall 2024 harvest, basis levels continue to be below the three-year trend. To check your up-to-date local basis levels throughout harvest this fall, visit Purdue Center for Commercial Agriculture Crop Basis Tool.

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Trends in Corn Plant Populations

September 5, 2024

Explore key trends in corn plant populations across Iowa, Illinois, and Indiana, revealing a steady 1 percent annual increase from 1996 to 2023. With Illinois leading the charge, corn populations rose significantly from 24,200 to 32,400 plants per acre, influencing both seed costs and farm budgets. Discover how understanding the interplay between seed prices and plant population can enhance your farm’s productivity and budgeting strategies.

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Weakening Farm Income Prospects Weigh On Farmer Sentiment

September 3, 2024

The August Purdue University/CME Group Ag Economy Barometer dropped 13 points from July to a reading of 100, echoing levels seen from fall 2015 to winter 2016 during the early stages of a significant downturn in the U.S. farm economy. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the August 2024 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.

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2023 Farm Custom Rates for Indiana

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