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Farmer Sentiment Rises as Producers Report Improved Financial Conditions On Their Farms

November 7, 2023

The Purdue University-CME Group Ag Economy Barometer rose 4 points in October to a reading of 110. The modest improvement in farmer sentiment resulted from farmers’ improved perspective on current conditions on their farms as well as their expectations for the future. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the October 2023 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.

Cattle Outlook

October 25, 2023

Slidedeck presentation by James Mintert given at the Livestock Marketing Information Center’s Industry Outlook Conference on October 25, 2023.

Impact of Lower Corn Prices On Feeding Cost of Gain for Cattle Finishing

October 12, 2023

Corn prices have declined substantially since the first half of this year. This article examined the impact of higher corn prices on feeding cost of gain for cattle finishing.

Trends in General Inflation and Farm Input Prices

October 11, 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.

Corn and Soybean Basis Weaken as Harvest Heats Up

October 5, 2023

As harvest heats up across the Midwest corn and soybean basis have been weakening. Weakening basis during harvest is typical of seasonal basis patterns. Therefore, to give context to current basis levels it is helpful to compare them to historical basis levels.

Agility and Producer Sentiment

October 3, 2023

Survey of U.S. farmers reveals how a farm’s agility relates to farm growth. Respondents were asked if they had established goals, objectives, and core values; whether their farm looked for opportunities that new enterprises may provide; whether they regularly assessed their advantages and disadvantages compared to other farms.

Weakening Crop Prices and High Production Costs Weigh on Farmer Sentiment

October 3, 2023

Agricultural producers’ sentiment declined for the second month in a row during September as the Purdue University-CME Group Ag Economy Barometer fell 9 points to a reading of 106. This month’s Ag Economy Barometer survey was conducted from September 11-15, 2023.

Absorption Capacity and Producer Sentiment

September 26, 2023

Survey of U.S. farmers reveals how absorption capacity drives farm growth and resilience. Respondents were asked if they had low per unit fixed costs, a diversified enterprise mix, and a strong balance sheet.

Long-run Cash Rent

September 13, 2023

Examine breakeven prices, earnings per acre, breakeven cash rents, and trends in working capital with this spreadsheet tool.

USDA Farm Income Forecast, August Update

September 13, 2023

Join us in this Purdue Commercial AgCast episode as we dive into the latest USDA farm income forecast released in August 2023. Discover the factors behind a notable 23% drop in net farm income and gain insights into the impact on various commodities, from corn and soybeans to wheat, and even cow-calf operations.

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Purdue Farm Management Tour & Indiana Master Farmer Reception 2024

Two outstanding farms in east-central Indiana will host visitors wanting to learn about farm and crop management on July 17th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.

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Center for Commercial Agriculture

Farm Management Tour: July 17, 2024