Farmer Sentiment Dips Amid Weaker View of Current Conditions
Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the August 2023 Purdue University-CME Group Ag Economy Barometer survey. Producer sentiment was notably lower in August, as the Purdue University/CME Group Ag Economy Barometer index dipped 8 points to a reading of 115. This month’s Ag Economy Barometer survey was conducted from August 14-18, 2023.
Read MoreConventional and Organic Enterprise Net Returns
Comparing crop yields, gross revenue, total expense, and net returns for conventional and organic alfalfa, corn, oats, soybeans, and winter wheat using FINBIN data.
Read MoreFinancing Amid Rate Ripples, an Ag Credit Update
Discover how interest rates impact farming decisions, machinery choices, and the value of farmland. In this ag credit update podcast, Purdue ag economists Brady Brewer and Michael Langemeier discuss recent inflation trends, interest rate trajectories, loan markets and the ripple effects at the farm.
Read MoreThe Index of Indiana Farm Real Estate
Index Numbers of Indiana Farm Real Estate Values, August 2023 update. Compiled by Todd Kuethe, Craig Dobbins and J.H. Atkinson, Purdue Agricultural Economics.
Read MoreComparing Net Returns for Alternative Leasing Arrangements
This article used a case farm in west central Indiana to compare the net return to land for crop share, fixed cash rent, and flexible cash leases. The average net returns to land from a landowner perspective were similar among the three lease arrangements.
Read MoreFarm Lease Types, Side X Side Digital Webinar
Michael Langemeier introduced the types of leases (cash rent, flex rent, and share rent) and discussed the advantages and disadvantages of each leasing arrangement during the August 2, 2023 Side By Side Digital Webinar. A comparison with risk/return tradeoffs between lease types was also included in the webinar discussion.
Read MoreForecasting New Crop Basis Bids for Fall 2023
We are now in the final weeks of the 2022-2023 crop marketing year, and after what has been a wild year for corn and soybean basis, basis bids for old crop corn and soybeans have largely settled and are in alignment with historical values for this time of year in most regions across the eastern Corn Belt.
Read More(Part 2) Indiana Farmland Cash Rental Rates 2023 Update
Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss cash rental rates for Indiana farmland in this, the second of two AgCast episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results.
Read More(Part 1) Indiana Farmland Values 2023 Update
Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss Indiana farmland values on this, the first of two AgCast episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana’s farmland and cash rental market.
Read MoreAugust 2023 PAER issue: Indiana farmland prices continue to rise in 2023
Indiana farmland prices once again hit record highs in 2023, according to the recent Purdue Farmland Value and Cash Rents Survey. Statewide, the average price of top-quality farmland averaged $13,739 per acre, up 7.3% from June 2022. Average and poor-quality farmland increased 5.8% and 0.7% to $11,210 and $8,689 per acre, respectively.
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