Commodity Classic 2022
Commodity Classic welcomed the ag industry back together in New Orleans, March 10-12, 2022. The Purdue University Center for Commercial Agriculture and the CME Group presented a Learning Center Session on Friday, March 11 entitled Farm Management Strategies to Navigate a Volatile Market. The recorded presentation and slides can be found under the ‘Slides + Resources Presented’ tab above.
During this session, our panel of experts shared what U.S. ag producers are saying about economic conditions on their farms and the U.S. ag economy featuring the latest data from the Purdue/CME Group Ag Economy Barometer. The session also included an update on current production costs and profitability estimates for corn and soybeans in 2022, insight into Federal Reserve policy, inflation, and interest rates along with a discussion about the impact of precision ag technology on production costs and how users are getting the most out of precision ag. To better manage risk, the panel suggested producers use scenario analysis to see how different scenarios will impact their farm’s finances. The session concluded with panelists responding to questions posed by producers attending the session.
During the trade show at Commodity Classic our faculty and staff welcomed visitors at booth #5156.