Farm Management Tour: July 17, 2024

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.

U.S. Farm Sector Financial Performance

November 1, 2022

Metrics that can be used to measure farm profitability include earnings before interest, taxes, and amortization (EBITA), net farm income, the operating profit margin ratio, return on assets, and return on equity. Each of these measures has its advantages and disadvantages. This article examines trends in net farm income and return on assets and its components for the U.S. farm sector.

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Ag Economy Barometer Declines Again, Producers Express Concern About Interest Rate Policy

November 1, 2022

Farmer sentiment weakened again in October as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 102, down 10 points compared to a month earlier. This month’s survey was conducted from October 10-14, 2022.

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October Corn & Soybean Outlook Update

October 14, 2022

Recorded October 14 | Purdue ag economists discussed USDA’s October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and the current corn and soybean outlook.

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Tax Planning for High-Income Years

October 13, 2022

Due to weather and rapidly changing market conditions from year to year, farm income can vary substantially from one year to the next. For many producers, 2021 and 2022 have been relatively strong net farm income years. Therefore, tax planning strategies will be relatively important. This article briefly discusses some common tax planning strategies.

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U.S. Farm Sector Balance Sheet

October 6, 2022

The balance sheet for the U.S. farm sector represents a marked improvement compared to the balance sheet in 2020. Both liquidity and solvency for the U.S. farm sector are relatively strong.

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What is Your Breakeven Price for Corn and Soybeans?

October 4, 2022

Breakeven prices are helpful when making crop decisions and when marketing crops. Without breakeven price information, it is very difficult for a producer to gauge or evaluate market opportunities as crop prices change or make crop rotation decisions. Looking ahead to 2023, breakeven prices for corn and soybeans are 5-7% higher than those experienced in 2022.

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Farmer Sentiment Drifts Lower, Rising Interest Rates Contribute to Uneasiness

October 4, 2022

The Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier. This month’s survey was conducted from September 19-23, 2022. Purdue ag economists Michael Langemeier and James Mintert break down the results of the September 2022 Ag Economy Barometer survey.

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Farm Impact from Rising Inflation and Interest Rates: September Update

September 29, 2022

Purdue agricultural economists Brady Brewer and Michael Langemeier discuss updated inflation numbers and interest rates and the impacts on agriculture in this episode of Purdue Commercial AgCast. Farm inputs like fertilizer, diesel, machinery and building supplies are discussed, as well as capital investments like land and real estate, and how the cost of debt is affecting budgets and operating interest rates.

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10 Tips for Communication in Your Farm Business

September 26, 2022

On this episode Purdue ag economist Brady Brewer hosts a discussion that will provide you with 10 tips for better communication within your farm business. Joining Dr. Brewer is Family Business Management Specialist Renee Wiatt, Extension Area XI Director Kelly Heckaman, and Fayette County ANR Educator Heather Caldwell. 

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September Corn & Soybean Outlook Update

September 16, 2022

Recorded September 16 | Purdue ag economists discussed USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

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Follow @PUCommercialAg to see the latest farm management news.

(Part 2) Indiana Farmland Cash Rental Rates 2023 Update, AgCast 142 video podcast thumbnail
(Part 1) Indiana Farmland Values 2023 Update, AgCast 141 video podcast thumbnail
Purdue Indiana Farmland Values & Cash Rental Rates Survey Report, Purdue Agricultural Economics Report: August 2023
2023 Farm Custom Rates for Indiana
Crop Insurance 2023 Decision text with James Mintert and Michael Langemeier's photos in front of a corn field at sunset used as thumbnail image for video of Purdue Commercial AgCast podcast episode

Purdue Farm Management Tour & Indiana Master Farmer Reception 2024

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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Find out where we will be presenting next as we collaborate with others.