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Financial & Risk Management Strategies for 2023 at Commodity Classic

March 10, 2023

The learning center session presentation slide deck given at Commodity Classic in Orlando, Florida. Presented by the Center’s James Mintert and Michael Langemeier.

Farmer Sentiment Dips in February

March 7, 2023

Purdue ag economist James Mintert and Michael Langemeier break down the February Purdue University-CME Group Ag Economy Barometer and share some insights into the farmer sentiment dip. The Ag Economy Barometer dipped 5 points in February to a reading of 125. Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened. This month’s survey was conducted from February 13-17, 2023.

Financial Risk Management & Contingency Planning

March 2, 2023

Farming is never the same from year to year – sometimes prices are good, net farm income is high, and other times margins are tight. Planning ahead, or contingency planning for financial hardship is important for any farm operation. How to evaluate farm financials, update financial statements, analyze performance, and when borrowing makes sense.

Experience, Knowledge, & Collaboration: Why Good Managers Make an Effort to Improve

March 1, 2023

Knowledge, experience, and collaboration work hand in hand with one another to improve farm output per unit of input (i.e., productivity). Pursuit of one of these items without the others creates a disparity between farms able to survive and those that thrive in the industry. But the question arises, why do these factors play such a critical role in farm performance? This article reflects on the impact these three factors have on farm productivity and describes how each relates to management strategy.

What Farmers Are Telling Us About Their Farms & The Ag Economy

March 1, 2023

Slidedeck presentation by James Mintert given in Reynolds, Indiana as part of the White County Farm Management Workshop on February 28, 2023.

2023 Crop Cost and Return Guide

February 28, 2023

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

Making Your 2023 Crop Insurance Decision

February 24, 2023

Now is a great opportunity for producers to review their crop insurance choices for the upcoming season. Purdue University Center for Commercial Agriculture’s ag economists Michael Langemeier and James Mintert walk participants through key considerations for their 2023 insurance options. In particular, they discuss a handy thumb rule to use when considering an increase in coverage levels for RP insurance.

Marketing Risk Management & Contingency Planning

February 23, 2023

Product, price, place, and promotion are important in marketing to current and potential buyers. In this episode, a continuation of the Farm Risk Management podcast series, Ariana Torres, Renee Wiatt, and Jenna Nees join Brady Brewer to discuss contingency planning for marketing risk management.

Social Media Risk Management & Contingency Planning

February 16, 2023

Farms and agribusinesses are confronted by many different types of risk in today’s market, including social media. In this third episode in the Farm Risk Management podcast series, Purdue University’s Jenna Nees, Renee Wiatt and Ariana Torres join Brady Brewer to discuss social media’s impact on businesses and how to build a contingency plan to protect your farm.

February Corn & Soybean Outlook Update

February 10, 2023

Recorded February 10 | Purdue agricultural economists Nathanael Thompson, Michael Langemeier, and James Mintert discussed the corn and soybean outlook following USDA’s February World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

What's Trending

23h

Planning ahead for financial hardship is important for any farm. @PurdueAgEcon & @PurdueExtension join @bradybrewer to evaluate farm financials, update statements, analyze performance, & discuss when borrowing makes sense on the #AgCast.
@PurdueFamBiz 🎧
https://www.podbean.com/eas/pb-em8js-1339980

17 Mar

The Dashboard for Agricultural Water Use & Nutrient Management (@DawnProj) is seeking #corn & #soybean producer feedback on newly-launched decision support tools.
https://news.essic.umd.edu/dawn/

16 Mar

Knowledge, experience, & collaboration work 🤝 w/ one another to improve farm productivity. But why do these 3 factors play such a critical role in farm performance? @PurdueAgEcon Michael Langemeier discusses strategic #riskmanagement. 👇
https://purdue.ag/3mSV843

Follow @PUCommercialAg to see the latest farm management news.

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.

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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Center for Commercial Agriculture