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Agricultural Job Market & the Purdue Ag Jobs Dashboard

May 9, 2022

Wondering what the current agriculture job market is?

In this episode Purdue University Center for Commercial Agriculture’s ag economists Brady Brewer and Nathan Delay discuss the agricultural job market and the Purdue University’s Department of Agriculture Economics Ag Jobs Dashboard from research conducted by grad student Doug Abney.

The dashboard is an overview of monthly data collected of the agricultural job market over time, starting the summer of 2021. Slides and a transcript from the discussion are available.

International Benchmarks for Wheat Production (2022)

May 5, 2022

This paper examines the competitiveness of wheat production for important international wheat production regions using 2016 to 2020 data from the agri benchmark network. Data from ten typical farms with wheat enterprise data from Argentina, Australia, Canada, Germany, Russia, Ukraine, and United States were used in this paper.

Producer Sentiment Improves With Strengthened Commodity Prices; But High Cost Inflation Worries Farmers

May 3, 2022

The Purdue University-CME Group Ag Economy Barometer improved in April to a reading of 121, which was 8 points higher than a month earlier. Despite this month’s increase, the ag sentiment index remains 32% lower than its April 2021 reading. This month’s survey was conducted from April 18-22, 2022. Slides and a transcript from the discussion are available.

Impact of Higher Corn Prices on Feeding Cost of Gain and Net Returns for Cattle Finishing

April 28, 2022

Given that the U.S. stocks to use ratio is currently only 9.6 percent and continued questions related to U.S. corn acreage in 2022, there is tremendous uncertainty regarding corn prices for the rest of this year. To address this uncertainty, this article examines the impact of relatively high corn prices on feeding cost of gain and net returns for cattle finishing.

Inflation, Interest Rates & the Cost of Farm Inputs

April 20, 2022

What really is inflation? How is it measured? What is the potential impact on consumers and the ag sector? Purdue agricultural economists Brady Brewer, Michael Langemeier, and James Mintert discuss these questions and the potential impacts of rising inflation & Fed policy on interest rates. Near the end of the conversation, they discuss the long-run relationship between inflation and farm input prices. Slides and a transcript from the discussion are available.

Trends in General Inflation and Farm Input Prices

April 19, 2022

Numerous factors are responsible for the surge in fertilizer prices. Each input used in production agriculture and in other industries has its own set of supply and demand fundamentals. However, input prices can also be affected by changes in general inflation.

April Corn & Soybean Outlook Update

April 12, 2022

Recorded April 12 | Purdue ag economists discussed the corn and soybean outlook following USDA’s April World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

Ag Economy Barometer Slides Lower, Producers Concerned About War’s Impact on Input Prices

April 5, 2022

The Purdue University-CME Group Ag Economy Barometer dipped to a reading of 113 in March, the weakest farmer sentiment reading since May 2020 which was in the early days of the pandemic. The March reading was 12 points lower than a month earlier and 36% lower than in March 2021. This month’s survey was conducted from March 14-18, 2022.

Corn & Soybean Prospective Plantings Report Update

April 4, 2022

Purdue agricultural economists Michael Langemeier, Nathan Thompson and James Mintert discussed the implications of the Prospective Plantings report from USDA-NASS which was released on March 31, 2022. Implications for 2022 crop corn and soybean production based on the report’s planted acreage estimates were discussed along with a “first pass” at what it might mean for carryover estimates into the 2023 crop year.

International Benchmarks for Soybean Production (2022)

March 29, 2022

Examining the competitiveness of soybean production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. This paper examines the competitiveness of soybean production for important international soybean regions using 2016 to 2020 data from the agri benchmark network.

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