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The Center for Commercial Agriculture’s monthly newsletter, Commercial AGNews! The newsletter is delivered mid-month providing you with updates regarding upcoming Center programs, as well as newly available articles and resources.
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| June 10, 2022 | |||||
UPDATE FROM THE CENTER |
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Higher input costs and input availability are the top two concerns reported by farmers in our most recent Purdue University-CME Group Ag Economy Barometer survey followed by the risk of declining crop and livestock prices. Crop producers also said that supply chain problems are still with us across all major crop input categories and fifty percent of respondents to the May barometer survey said that tight farm machinery inventories are impacting their investment decisions. Input price and availability risk being chosen by more farmers as their top risk rather than the risk of declining commodity prices is virtually unprecedented and highlights the fact that ag producers face elevated risks across the board. Our upcoming webinar on Monday, June 13th will review the latest supply and demand information from USDA and discuss the commodity outlook, but we’ll also discuss the managerial challenges faced by U.S. farmers and provide insight into strategies you can consider employing in the year ahead.
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MORE ADDITIONS THIS PAST MONTH: |
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UPCOMING EVENTS |
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June 13The next outlook webinar will be broadcast at 12:00 p.m. EDT on Monday June 13, 2022. Purdue ag economists Nathanael Thompson and James Mintert will discuss the June USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. |
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July 19 & 20Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to help ensure a successful transition of your operation to the next generation and more at the annual Purdue University Farm Management Tour, July 19-20. The tour will visit three outstanding farms in Tipton and Clinton counties in central Indiana. The Indiana Master Farmer reception and panel discussion will be held in conjunction with the tour at Beck's Hybrids in Atlanta, Indiana on Tuesday afternoon (July 19). The tour is free and open to the public, but you need to register. Find more details on the farms, the agenda, and register on our website. |
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Now-NovemberSix Pillars of Farm Risk Management, 6-week online course (Purdue Extension) Join a great team of Extension educators, specialist, faculty and a lawyer for an online course encompassing a process to mitigate, transfer and avoid risk in production, marketing, financial, legal, human resources, and social media. Earn a Purdue certificate! Open enrollment is available through November 2022. |
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