Producer Sentiment and Farm Growth
There are numerous reasons why a farm may want to expand including the following: reduce costs, improve profit margins, improve…
Read MoreFarmer sentiment improves; less pessimism over interest rates
Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the April 2023 Purdue University-CME Group Ag Economy Barometer survey. Farmer sentiment improved modestly in April as the Ag Economy Barometer reversed a two-month decline up 6 points to a reading of 123. This month’s survey was conducted from April 10-14, 2023.
Read MoreCritical Juncture for Crop Basis & Your Marketing Strategy for the Remainder of ’22 Crop
On this episode of the Purdue Commercial AgCast, Nathanael Thompson and James Mintert explore what’s been taking place in the Eastern Corn Belt on corn basis, the May/July CBT corn spread, as well as the July/September CBT corn spread, and discuss how you might pursue some marketing strategies for the remainder of the ’22 crop that you might have in storage.
Read MoreAgility and Absorption Capacity
Over the past several years, maintaining agility and absorption capacity has been a solid mechanism to deal with strategic risk. Absorption capacity has enabled farms to maintain some sense of stability with market turbulence caused by increases in input prices, Covid-19, trade restrictions, higher rental rates, fluctuations in labor availability, ongoing geopolitical conflict, and market downturns. As farms face these obstacles there is also a greater need for agility, including innovative techniques that can reduce business costs, enable workers to shift assignments to meet changing business needs, and diversify to reduce risk.
Read MoreU.S. Corn Exports to Key Customers Have Been Weak
In its most recent World Agricultural Supply & Demand Estimates (WASDE) report published on April 11th, USDA estimated that 2022 crop corn exports would total 1.85 billion bushels, equal to about 13% of U.S. production. If realized the 1.85 billion bushel forecast would result in the second lowest export total of the last decade and would be down sharply.
Read MoreApril 2023 Crop Basis Update
April 13, 2023 crop basis update on forward contract bids, corn and soybean basis outlook, and new crop corn and soybean futures.
Read More10 Questions That Need to Be Addressed When Considering Farm Growth
Is your farming operation considering farm growth in the near future? Michael Langemeier discusses farm growth with Farm Marketer’s Tracy Brunet on the Impact Farming podcast.
Read MoreTrends in General Inflation & Farm Input Prices
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.
Read MoreComparison of Conventional & Organic Crop Rotations (Spreadsheet Tool)
This spreadsheet compares conventional and organic rotations over a ten-year horizon. Specifically, net returns are compared for a conventional corn/soybean rotation, a conventional corn/soybean/wheat rotation, and an organic corn/soybean/wheat rotation.
Read MoreCommodity Price Outlook and Interest Rate Concerns Cloud Farmer Sentiment
Purdue ag economist James Mintert and Michael Langemeier break down the March Purdue University-CME Group Ag Economy Barometer and share some insights into farmer sentiment. This month’s survey was conducted from March 13-17, 2023.
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