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Producer Sentiment and Farm Growth

May 4, 2023

There are numerous reasons why a farm may want to expand including the following: reduce costs, improve profit margins, improve…

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Farmer sentiment improves; less pessimism over interest rates

May 2, 2023

Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the April 2023 Purdue University-CME Group Ag Economy Barometer survey. Farmer sentiment improved modestly in April as the Ag Economy Barometer reversed a two-month decline up 6 points to a reading of 123. This month’s survey was conducted from April 10-14, 2023.

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Critical Juncture for Crop Basis & Your Marketing Strategy for the Remainder of ’22 Crop

April 24, 2023

On this episode of the Purdue Commercial AgCast, Nathanael Thompson and James Mintert explore what’s been taking place in the Eastern Corn Belt on corn basis, the May/July CBT corn spread, as well as the July/September CBT corn spread, and discuss how you might pursue some marketing strategies for the remainder of the ’22 crop that you might have in storage. 

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Agility and Absorption Capacity

April 20, 2023

Over the past several years, maintaining agility and absorption capacity has been a solid mechanism to deal with strategic risk. Absorption capacity has enabled farms to maintain some sense of stability with market turbulence caused by increases in input prices, Covid-19, trade restrictions, higher rental rates, fluctuations in labor availability, ongoing geopolitical conflict, and market downturns. As farms face these obstacles there is also a greater need for agility, including innovative techniques that can reduce business costs, enable workers to shift assignments to meet changing business needs, and diversify to reduce risk.

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U.S. Corn Exports to Key Customers Have Been Weak

April 14, 2023

In its most recent World Agricultural Supply & Demand Estimates (WASDE) report published on April 11th, USDA estimated that 2022 crop corn exports would total 1.85 billion bushels, equal to about 13% of U.S. production. If realized the 1.85 billion bushel forecast would result in the second lowest export total of the last decade and would be down sharply.

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April 2023 Crop Basis Update

April 13, 2023

April 13, 2023 crop basis update on forward contract bids, corn and soybean basis outlook, and new crop corn and soybean futures.

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10 Questions That Need to Be Addressed When Considering Farm Growth

April 13, 2023

Is your farming operation considering farm growth in the near future? Michael Langemeier discusses farm growth with Farm Marketer’s Tracy Brunet on the Impact Farming podcast.

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Trends in General Inflation & Farm Input Prices

April 13, 2023

Most of the recent discussion involving input price changes in U.S. production agriculture has focused on fertilizer prices, which have declined during the last few months. Other inputs have not necessarily experienced this decline in prices.

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Comparison of Conventional & Organic Crop Rotations (Spreadsheet Tool)

April 4, 2023

This spreadsheet compares conventional and organic rotations over a ten-year horizon. Specifically, net returns are compared for a conventional corn/soybean rotation, a conventional corn/soybean/wheat rotation, and an organic corn/soybean/wheat rotation.

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Upcoming Events

Purdue Flexible Lease Workshop

September 16 at 7 pm or September 23 at 9 am

The Flexible Lease virtual Workshop, presented by the Purdue Extension Land Lease Team, will include a presentation and discussion to help you decide if a flexible land lease arrangement is right for your farm.

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Faculty Speaking Events

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

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