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.
Farmer Sentiment Improves But Producers Still Concerned About Rising Costs and Inflation
Farmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer index rose 14 points above its July reading to 117. This month’s survey was conducted from August 15-19, 2022. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists Michael Langemeier, Nathan Thompson, and James Mintert break down the results of the August 2022 Ag Economy Barometer survey. Slides and audio transcript are available and can be found below.
Read MoreComparing Net Returns for Alternative Leasing Agreements
Obtaining control of land through leasing has a long history in the United States. Leases on agricultural land are strongly influenced by local custom and tradition. However, in most areas, landowners and operators can choose from several types of lease arrangements. With crop share arrangements, crop production and often government payments and crop insurance indemnity payments are shared between the landowner and operator. These arrangements also involve the sharing of at least a portion of crop expenses. Fixed cash rent arrangements, as the name implies, provide landowners with a fixed payment per year. Flexible cash lease arrangements provide a base cash rent plus a bonus which typically represents a share of gross revenue in excess of a certain base value. Each leasing arrangement has advantages and disadvantages.
Read MoreIndiana Farmland Values & Cash Rental Rates: 2022 Update Webinar
Recorded August 24 | Purdue ag economists break down the Purdue Farmland Values and Cash Rents Survey results and the USDA Land Values report.
Read MoreAugust Corn & Soybean Outlook Update
Recorded August 12 | Purdue ag economists discussed USDA’s August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and updates on balance sheet estimates for both the ’21/22 and ’22/23 crop years, ethanol demand, ending stock estimates, corn and soybean basis and profitability estimates.
Read MoreFarm Success and Technology Adoption
Farm Success and Technology Adoption slidedeck presentation by Michael Langemeier given in Rosario Argentina on August 11, 2022.
Read MoreIndiana Farmland Prices Grow at Record Pace in 2022
It is safe to say that the last year was unlike any other in recent memory. The COVID-19 pandemic caused significant disruption to our lives and the global economy. Surprisingly, many of the current economic forces put upward pressure on farmland prices.
Read MoreConventional and Organic Enterprise Net Returns
Due to continued increases in demand for certified organic grains, crop farmers that have transitioned from conventional to certified organic grains report higher net returns per acre. This article uses FINBIN data from 2017 to 2021 to update comparisons of crop yields, gross revenue, total expense, and net returns for conventional and organic alfalfa, corn, oats, soybeans, and winter wheat.
Read MoreSlight increase in producer sentiment despite rising costs and lower crop prices
The Purdue-CME Group Ag Economy Barometer sentiment index rose 6 points in July to a reading of 103. Producers in this month’s survey were somewhat more optimistic about both current and future economic conditions on their farms than they were in June. This month’s survey was conducted from July 11-15, 2022. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Slides and audio transcript are available and can be found below.
Read MoreRising Interest Rates…Implications for Farmers
On this episode Purdue ag economists Brady Brewer and Michael Langemeier discuss inflation and interest rates in the agricultural sector…
Read MoreFarm Succession: Roadmapping Your Farm Transition
On this episode Purdue ag economist Brady Brewer along with the Purdue farm transition team Maria Marshall, Renee Wiatt, and Kyle Weaver, discuss the importance and implementation of roadmapping in your farm succession process.
Read MoreFollow @PUCommercialAg to see the latest farm management news.
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.
Read MoreFind out where we will be presenting next as we collaborate with others.