February Indiana Crop Basis Update & Using the Crop Basis Tool to Plan Storage Hedges

February 14, 2025

Since the beginning of December, corn and soybean basis across Indiana have generally been stable. Over the 10 weeks, most basis levels stayed within a $0.10/bu. range.

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Flexible Cash Rent Leases, Presentation at Ag Women Engage

February 14, 2025

Michael Langemeier presented at the Ag Women Engage Conference in Fort Wayne, Indiana on February 13, 2025, on flexible cash rent leases.

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2025 Crop Cost and Return Guide

February 10, 2025

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2025 crop budget estimations for 2025.

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Benchmarking Labor Efficiency and Productivity

February 6, 2025

Labor costs are one of the most prevalent costs on a farm. As such, farm managers need to evaluate whether they are utilizing labor efficiently and productively. One way to evaluate this issue is to use benchmarks created using data from similar farms. Labor benchmarks should include family and operator labor as well as hired labor.

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U.S. Farmers’ Retain Optmistic Outlook for 2025 Despite Ag Trade Uncertainty

February 4, 2025

U.S. farmers retained their post-election optimistic outlook at the start of the new year as the January Purdue University/CME Group Ag Economy Barometer Index rose 5 points above a month earlier to a reading of 141. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the January 2025 Ag Economy Barometer survey, conducted from January 13-17, in this episode of the Purdue Commercial AgCast.

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Indiana crop basis to nearby contracts are stable through the first half of January

January 17, 2025

Through the first three weeks of January, corn and soybean basis have been stable or weakened slightly. This is a continuation of the stabilization and slight weakening that started in December and follows statewide strengthening throughout November. Before November, the 2024-2025 crop basis levels were well below the three-year average.

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2025 Purdue Top Farmer Conference

January 13, 2025

The Purdue Center for Commercial Agriculture welcomed over 270 farmers and agribusiness professionals to the 2025 Purdue Top Farmer Conference on Friday, January 10th. The annual farm management conference provided a great networking opportunity for top producers and industry professionals. View photos from the event now.

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Farmer Sentiment Drifts Lower While Producers Remain Optimistic About The Future

January 7, 2025

Farmer sentiment drifted lower in December as the Purdue University/CME Group Ag Economy Barometer dropped 9 points to a reading of 136. The decline was driven by producers’ weaker perspective on current conditions in U.S. agriculture and their farms, with the Index of Current Conditions falling 13 points to 100. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the December 2024 Ag Economy Barometer survey, conducted Dec. 2-6, 2024.

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Benchmarking Crop Machinery Cost and Investment

December 20, 2024

The continued increase in size of tractors, combines, and other machinery has enabled farms to operate more acres and reduce labor use per acre. However, this increase in machinery size also makes it increasingly important to evaluate the efficient use of machinery.

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Indiana basis strengthening slows to end 2024

December 20, 2024

It has been six weeks since the November Crop Basis Update was released. In that window, harvest has wrapped up across Indiana, and corn and soybean basis levels have been relatively stable compared to September and October. In all parts of the state, crop basis levels were higher on December 18th than they were on November 6th. This includes basis levels for Ohio River delivery points, ethanol plants, and soybean processors.

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2023 Farm Custom Rates for Indiana

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