International Benchmarks for Corn Production (2022)

March 4, 2022

This paper examines the competitiveness of corn production for important international corn regions using 2016 to 2020 data from the agri benchmark network. The agri benchmark network collects data on beef, cash crops, dairy, pigs and poultry, horticulture, and organic products. There were 16 countries with corn data for 2020 represented in the cash crop network.

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Understanding the Corn Market’s Response to War in Ukraine

March 3, 2022

Russia’s invasion of Ukraine in late February disrupted world supplies of several key agricultural commodities, including corn. Some readers were likely surprised to learn that Ukraine is an important supplier of corn to the world.

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Farmer Sentiment Rises During Commodity Price Rally; Concern Over Production Costs Remains

March 1, 2022

The Purdue University-CME Group Ag Economy Barometer rose 6 points in February to 125, matching the sentiment index’s reading from December. This month’s survey was conducted from February 14-18 2022, which was just prior to Russia’s invasion of Ukraine.

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Farm Bill and Crop Insurance Options

February 28, 2022

Michael Langemeier presented on Farm Bill and Crop Insurance Options for 2022 in Shelby county. ARC-IC, ARC-CO, and PLC farm bill program options, as well as RP, SCO, and ECO insurance products were discussed.

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Exports Continue to Be A Bright Spot for U.S. Pork Sector

February 22, 2022

Exports of U.S. pork to all destinations in 2021 declined modestly (3%) when compared to 2020, but export volume in 2021 was still the second largest on record. U.S. pork production declined 2% in 2021 to 27.7 billion pounds so pork exports, at just over 7 billion pounds, equated to 25% of U.S. pork production.

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February Corn & Soybean Outlook Update

February 10, 2022

Recorded February 10 | Purdue ag economists review USDA’s February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

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Benchmarking Labor Efficiency and Productivity

February 4, 2022

Labor costs are one of the most prevalent costs on a farm. As such, farm managers need to evaluate whether they are utilizing labor efficiently and productively. One way to evaluate this issue is to use benchmarks created using data from similar farms.

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Ag Economy Barometer Declines, Producers Concerned About Rising Costs and Supply Chain Disruptions

February 1, 2022

Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to 119, down from 125 a month earlier. This month’s decline leaves the barometer just three points higher than in November and is the second-lowest sentiment reading since July 2020.

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Incorporating Conservation Provisions into Crop Leases, Great Lake Crops Summit

January 26, 2022

Michael Langemeier presented Incorporating Conservation Provisions into Crop Leases at the Great Lake Crops Summit in Mt. Pleasant, Michigan.

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Financial Management Series

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