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.

Read More

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.

Read More

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.

Read More

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.

Read More

2023 Crop Cost and Return Guide

September 30, 2022

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the October 2022 crop budget estimations for 2023.

Read More

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.

Read More

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. 

Read More

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.

Read More

Farmer Sentiment Improves But Producers Still Concerned About Rising Costs and Inflation

September 6, 2022

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 More

Comparing Net Returns for Alternative Leasing Agreements

September 2, 2022

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 More

While the volume of #corn exported is much smaller than that used for domestic livestock feeding or ethanol production, exports remain an important usage category. Over the last 5 years, U.S. corn exports have averaged 16% of total U.S. corn usage.
https://purdue.ag/3ubAhsP

Take a look at #corn exports so far this marketing year and consider future export prospects in U.S. Corn Exports Off to A Weak Start.
✨https://purdue.ag/3ubAhsP

Registration is open for the Purdue Top Farmer Conference, on January 6. Find out more details on the agenda, speakers, and registration at http://purdue.ag/topfarmer!!
#PTFC23 #AgTwitter #farmmgmt #Purdue #wintermeetings

Follow @PUCommercialAg to see the latest farm management news.

Comparing Net Returns for Alternative Leasing Arrangements
Indiana Farmland Prices Grow at Record Pace in 2022, Purdue Land Values and Cash Rents Survey
Financial Management Series

Top Farmer Conference 2023

January 6, 2023

A management programs geared specifically for farmers. Surrounded by farm management, farm policy, agricultural finance and marketing experts, and a group of your peers, the conference will stimulate your thinking about agriculture’s future and how you can position your farm to be successful in the years ahead.

Read More

Monthly Corn & Soybean Outlook Webinar Series

Webinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Catch the next monthly update on December 19th for the corn and soybean outlook following release of USDA’s December Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free.

Read More

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