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Thinking Like A CFO for Your Farm Operation

February 10, 2023

A farm manager who thinks like a CFO can leverage balance sheet and cash flow information to develop accrual income, sources and uses of funds, and owner’s equity statements which can be used to ensure the farm is well positioned for the future. Join Purdue ag economists Michael Langemeier and James Mintert for an episode discussing why you should think like a CFO for your farm operation.

Improvement In Farmer Sentiment Carries Over Into 2023

February 7, 2023

The Purdue University-CME Group Ag Economy Barometer Index rose again in January, to a reading of 130, 4 points above its 2022 year-end index value. The January survey results also pushed the index 34% above its 2022 low point which occurred last June.

Importance of Crop Basis when Marketing Grain

February 2, 2023

Basis is an important component for crop producers to consider when marketing grain because it is used to convert the futures price to a local cash equivalent. Futures prices and basis follow different seasonal patterns so the ability to manage futures price risk and basis risk independently creates an opportunity to improve returns. Join Purdue ag economists and co-creators of the Purdue Crop Basis Tool, Nathan Thompson and Jim Mintert for an episode discussing the advantages of using the Center’s Crop Basis Tool.

How Much Have Eggs & Other Food Prices Risen?

January 26, 2023

With egg prices up nearly 75% and grocery bills on the rise, Jayson Lusk joins Brady Brewer to discuss food price inflation on this AgCast episode. Although food prices have been on the rise since the onset of the COVID-19 pandemic, certain grocery items have risen more than others. Jayson, Director of the Center for Food Demand Analysis and Sustainability (CFDAS), shares why many livestock producers are scaling back, the effects of supply chain issues, and how food inflation is affecting consumer spending and preferences.

2023 Top Farmer Conference Recap: Interest Rates

January 19, 2023

In this episode, Purdue’s Brady Brewer was joined by Michael Langemeier, associate director of Purdue’s Center for Commercial Agriculture and Jason Henderson, senior associate dean of Purdue’s College of Agriculture and professor of agricultural economics. The podcast episode was a follow-up to the panel discussion the group had at the 2023 Purdue Top Farmer Conference focused on the U.S. economy, the Federal Reserve’s policy choices in 2023 and what it means for interest rates and the farm economy.

2023 Top Farmer Conference Recap: Machinery

January 18, 2023

Associate Professor of Agricultural Economics at the University of Kentucky Tyler Mark joined Purdue’s Brady Brewer at the 2023 Top Farmer Conference to discuss the machinery market. In this episode, the two discuss key factors related to machinery prices, and what buyers should be thinking about as they make equipment purchase decisions in 2023 and 2024.

Policy Brief Series: Farm Bill 2023

January 18, 2023

In a new Purdue Ag Econ Policy Brief Series, Roman Keeney, associate professor of agricultural economics, breaks down the multiple aspects that will go into passing what will arguably be the most discussed bill in agriculture this year, the 2023 Farm Bill.

2023 Top Farmer Conference Recap: Land Values

January 17, 2023

Purdue’s Brady Brewer was joined by R.D. Schrader, President of Schrader Real Estate and Auction Co., and Howard Halderman, President and CEO of Halderman Real Estate and Farm Management at the 2023 Purdue Top Farmer Conference to discuss land values. In this episode, Brewer, Schrader and Halderman give insights into what is in store for the farmland market, how interest rates may impact farmland markets, and the impact of institutional buyers.

Price Distribution Tool

January 17, 2023

The Illinois Price Distribution Tool, by Farmdoc, uses current option market prices to derive estimates of the probability distribution of prices at the expiration of an underlying corn and soybean futures contracts.