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(Part 1) Indiana Farmland Values 2023 Update, AgCast 141 video podcast thumbnail

Comparing Corn Marketing Strategies

July 20, 2023

While there have been numerous studies or articles that have evaluated grain marketing and crop insurance strategies separately, there is limited previous literature that examines these tools simultaneously. The purpose of this study was to identify which strategies contributed to an optimal portfolio of corn marketing strategies for a case farm in southeast Indiana using a downside risk model.

Purdue Farm Management Tour 2023 Recap

July 14, 2023

The Purdue Farm Management Tour was held on July 11th at the Hackman Family Farm Market and Rowland Farm in Southern Indiana. Over 200 Tour participants learned about the innovative paths these two farm operations took to incorporate the next generation into their family’s business. View photos from the event now.

Benchmarking Crop Machinery Cost and Investment

July 10, 2023

The continued increase in size of tractors, combines, and other machinery has enabled farms to operate more acres and reduce labor use per acre. However, this increase in machinery size also makes it increasingly important to evaluate the efficient use of machinery.

Farmer Sentiment Rebounds on More Optimistic View of Future

July 5, 2023

Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the June 2023 Purdue University-CME Group Ag Economy Barometer survey. Farmer sentiment rebounded in June as the Purdue University-CME Group Ag Economy Barometer rose 17 points to a reading of 121. This month’s survey was conducted from June 12-16, 2023.

2023 Purdue Farm Management Tour Prelude: Rowland Farms

June 25, 2023

Greg and Jacob Rowland discuss their family’s farm operation near Campbellsburg, Indiana with Purdue’s James Mintert. Rowland Farms has been in operation since the late 1930’s and will be featured as part of the Purdue Farm Management Tour on July 11, 2023 in Washington county, Indiana.

2023 Purdue Farm Management Tour Prelude: Hackman Family Farm Market

June 22, 2023

Megan Vanliew and Jacquelyn Jansinski, daughters of Tom & Ruth Hackman, discuss their roles on the Hackman family’s farm near Vallonia, Indiana with James Mintert. Hackman Family Farm Market is a diversified farm operation and will be featured as part of the Purdue Farm Management Tour on July 11, 2023.

Resilience to Strategic Risk

June 20, 2023

Off-the-shelf strategic risk management tools remain unavailable for farmers (unlike availability of forward pricing commodities, hedging commodities using futures and/or options, locking in input prices, etc., for financial, marketing, and production risk), furthering the misconception that strategic risks are “unmanageable”. Strategic risk management requires a more deliberate approach (i.e., enhancing farm agility and absorption capacity). Results presented in this article reveal how resilience to strategic risk relates to future growth expectations, optimism on the state of the agricultural economy, use of management practices, and financial performance.

Soybean Outlook Update Following USDA’s June WASDE Report

June 16, 2023

Soybean futures volatility increased sharply this week as futures prices responded to concerns about dry weather possibly impacting crop yields. Purdue ag economists James Mintert and Nathanael Thompson discussed the updated soybean outlook on the latest Purdue Commercial AgCast video podcast.

Corn Outlook Update Following USDA’s June WASDE Report

June 13, 2023

Purdue ag economists James Mintert and Nathanael Thompson discussed the updated corn outlook following USDA’s June World Ag Supply and Demand Estimates (WASDE) report on the latest Purdue Commercial AgCast video podcast. The latest corn crop condition ratings were discussed along with implications for 2023 U.S. corn yield, production and carryover stocks.

Farmer Sentiment Sours as Crop Prices Decline

June 6, 2023

Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the May 2023 Purdue University-CME Group Ag Economy Barometer survey. Producer sentiment fell to its weakest reading since July 2022, as the Purdue University-CME Group Ag Economy Barometer Index declined 19 points to a reading of 104 in May. This month’s survey was conducted from May 15-19, 2023.