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Farmer Sentiment Dips in February
Purdue ag economist James Mintert and Michael Langemeier break down the February Purdue University-CME Group Ag Economy Barometer and share some insights into the farmer sentiment dip. The Ag Economy Barometer dipped 5 points in February to a reading of 125. Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened. This month’s survey was conducted from February 13-17, 2023.Listen to this episode
Financial Risk Management & Contingency Planning
Farming is never the same from year to year – sometimes prices are good, net farm income is high, and other times margins are tight. Planning ahead, or contingency planning for financial hardship is important for any farm operation. How to evaluate farm financials, update financial statements, analyze performance, and when borrowing makes sense.Listen to this episode
Making Your 2023 Crop Insurance Decision
Now is a great opportunity for producers to review their crop insurance choices for the upcoming season. Purdue University Center for Commercial Agriculture’s ag economists Michael Langemeier and James Mintert walk participants through key considerations for their 2023 insurance options. In particular, they discuss a handy thumb rule to use when considering an increase in coverage levels for RP insurance.Listen to this episode
Marketing Risk Management & Contingency Planning
Product, price, place, and promotion are important in marketing to current and potential buyers. In this episode, a continuation of the Farm Risk Management podcast series, Ariana Torres, Renee Wiatt, and Jenna Nees join Brady Brewer to discuss contingency planning for marketing risk management.Listen to this episode
Social Media Risk Management & Contingency Planning
Farms and agribusinesses are confronted by many different types of risk in today’s market, including social media. In this third episode in the Farm Risk Management podcast series, Purdue University’s Jenna Nees, Renee Wiatt and Ariana Torres join Brady Brewer to discuss social media’s impact on businesses and how to build a contingency plan to protect your farm.Listen to this episode
February Corn & Soybean Outlook Update
Recorded February 10 | Purdue agricultural economists Nathanael Thompson, Michael Langemeier, and James Mintert discussed the corn and soybean outlook following USDA’s February World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.Listen to this episode
Thinking Like A CFO for Your Farm Operation
A farm manager who thinks like a CFO can leverage balance sheet and cash flow information to develop accrual income, sources and uses of funds, and owner’s equity statements which can be used to ensure the farm is well positioned for the future. Join Purdue ag economists Michael Langemeier and James Mintert for an episode discussing why you should think like a CFO for your farm operation.Listen to this episode
Improvement In Farmer Sentiment Carries Over Into 2023
The Purdue University-CME Group Ag Economy Barometer Index rose again in January, to a reading of 130, 4 points above its 2022 year-end index value. The January survey results also pushed the index 34% above its 2022 low point which occurred last June.Listen to this episode
Importance of Crop Basis when Marketing Grain
Basis is an important component for crop producers to consider when marketing grain because it is used to convert the futures price to a local cash equivalent. Futures prices and basis follow different seasonal patterns so the ability to manage futures price risk and basis risk independently creates an opportunity to improve returns. Join Purdue ag economists and co-creators of the Purdue Crop Basis Tool, Nathan Thompson and Jim Mintert for an episode discussing the advantages of using the Center’s Crop Basis Tool.Listen to this episode
How Much Have Eggs & Other Food Prices Risen?
With egg prices up nearly 75% and grocery bills on the rise, Jayson Lusk joins Brady Brewer to discuss food price inflation on this AgCast episode. Although food prices have been on the rise since the onset of the COVID-19 pandemic, certain grocery items have risen more than others. Jayson, Director of the Center for Food Demand Analysis and Sustainability (CFDAS), shares why many livestock producers are scaling back, the effects of supply chain issues, and how food inflation is affecting consumer spending and preferences.Listen to this episode