December 5, 2014
Changing Business Climate for Agriculture and the Outlook for 2015
The period from 2006 through 2013 was very profitable for crop farms, but unprofitable for many livestock operations. But the business climate inagriculture changed in 2014 as crop profit margins narrowed sharply and animal agriculture margins improved. Purdue Economists Chris Hurt, Michael Boehlje, Michael Langemeier and Jim Mintert outline drivers of this changing business climate and discuss strategies farms can put in place to help manage the downturn in crop agriculture and the upswing in animal agriculture.
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Margaret Lippsmeyer presented during agri benchmark’s 2024 annual conference in mid June, which was hosted by the Spanish Ministry of Agriculture in Valladolid, Spain. An increase in soybean acreage may come from either (a) shifting away from continuous corn rotations to corn-soy and (b) shifting corn-soy rotations toward corn-soy-soy. Based on agri benchmark data, Margaret showed that option (a) would require an increase in soybean prices of 6% and option (b) of 8% to make these rotations preferable over existing ones.
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We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.