Positioning Your Farm for Long-Term Success | Commodity Classic 2024
The list of risks U.S. farmers face is long, ranging from market volatility and supply chain disruptions to erratic weather. Preparing for it all can be overwhelming and seem impossible at times. Being successful in the long run requires sorting out risks and developing strategies to manage and mitigate them. Purdue ag economists James Mintert, Michael Langemeier, & Brady Brewer shared ways in which successful farms manage strategic risks live from Houston, Texas at the 2024 Commodity Classic Learning Center Session on February 29, 2024.
Read MoreModest Improvement In Farmer Sentiment, Yet Financial Concerns Loom
The Purdue University-CME Group Ag Economy Barometer rose modestly in February posting a reading of 111, 5 points higher than a month earlier. The modest rise in the barometer was attributable to producers expressing somewhat more optimism about the future as the Future Expectations Index rose 7 points to a reading of 115 while the Current Conditions Index was unchanged, both compared to a month earlier. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the February 2024 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.
Read MoreMaking Your 2024 Crop Insurance Decision
Purdue University Center for Commercial Agriculture’s ag economists Michael Langemeier and James Mintert and Brad Lubben, policy specialist and extension associate professor from the University of Nebraska-Lincoln, walk participants through key considerations for their 2024 insurance options.
Read MorePLC or ARC: Making Your 2024 Farm Bill Program Price Protection Decision
Brad Lubben, policy specialist and extension associate professor from the University of Nebraska-Lincoln, joins Purdue ag economists James Mintert and Michael Langemeier for a discussion on key 2024 farm program details. They highlight differences between the PLC and ARC programs for the 2024 crop year and how benefits from the two programs are likely to differ. After listening to the podcast you’ll be ready to make your 2024 farm program choice.
Read MoreUSDA Farm Income Forecast, February 2024 Update
Join host Brady Brewer for a Purdue Commercial AgCast episode with Purdue ag economist Michael Langemeier as they discuss USDA’s latest farm income forecast for February 2024. Net farm income is expected to decline by 25% but remain near the long-run average.
Read MoreCorn & Soybean Basis Steady to Stronger in Most Locations, Weaker at Ohio River Terminals
After starting the year weaker than normal, corn and soybean basis has been steadily increasing since harvest ended last fall. In recent weeks, many eastern Corn Belt locations have seen steady to slightly stronger corn and soybean basis levels.
Read MoreProducer Sentiment & Resilience at the Purdue Top Farmer Conference
Each year in early January, Purdue University hosts the Purdue Top Farmer Conference, where academic speakers, agribusiness affiliates, and farmers convene to discuss current issues and trends in agricultural markets. The survey respondents at the Top Farmer Conference, though not a random sample, offer unique insights into how some of Indiana’s leading farmers compare to respondents of national surveys.
Read MoreWeakening Commodity Prices Cast A Shadow On Farmer Sentiment
Farmer sentiment took a downturn at the start of 2024 as the January Purdue University-CME Group Ag Economy Barometer Index fell to a reading of 106, 8 points below a month earlier. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the January 2024 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.
Read MoreFarm Agility, Resilience & Strategic Risk
Purdue ag economists Brady Brewer, Michael Langemeier and Margaret Lippsmeyer discuss the importance of strategic risk management and the factors that contribute to a farm’s resilience In this episode of the Purdue Commercial AgCast.
Read MoreRenewable Diesel Boom & Where Biofuels Are Headed
Host Brady Brewer discussed the “boom” in renewable diesel and its expected impact on the soybean market with Dr. Scott Irwin, a professor of agricultural economics at the University of Illinois, on the latest episode of the Purdue Commercial AgCast.
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