Explore key factors influencing the U.S. economy & biofuels future. Join us for a one-day conference that will stimulate your thinking about agriculture's future and how you can position your farm to be successful in the years ahead. Attend in person in West Lafayette, Indiana or join us remotely.
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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