Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.
June 17, 2019
Corn & Soybean Price Outlook: Making Your 2019 Soybean Prevented Planting Decisions
Purdue agricultural economists Chris Hurt, Michael Langemeier, and James Mintert provide an updated corn and soybean price outlook, which includes information from USDA’s June 17 Crop Progress report. They also provide an analysis of the soybean prevented planting alternatives facing Corn Belt farmers. The webinar looks at multiple scenarios to help sort through your alternatives as the June 20th final soybean planting date for full crop insurance coverage approaches in Indiana and the Eastern Corn Belt.
Additional Resources:
- “Timely Agronomic News & Information for the U.S. Corn Belt” Bob Nielsen of Purdue Agronomy’s Chat N Chew Cafe
- “Historical Indiana Planning Dates & Yield Trends” video from Purdue Extension
- “Late Corn Planting Considerations” video from Purdue Extension
- “Late Soybean Planting Considerations” video from Purdue Extension
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Margaret Lippsmeyer presented during agri benchmark’s 2024 annual conference in mid June, which was hosted by the Spanish Ministry of Agriculture in Valladolid, Spain. An increase in soybean acreage may come from either (a) shifting away from continuous corn rotations to corn-soy and (b) shifting corn-soy rotations toward corn-soy-soy. Based on agri benchmark data, Margaret showed that option (a) would require an increase in soybean prices of 6% and option (b) of 8% to make these rotations preferable over existing ones.
READ MOREUPCOMING EVENTS
Two outstanding farms in east-central Indiana will host visitors wanting to learn about farm and crop management on July 17th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.
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