September 14, 2017

Managing Risk: A Conversation with Kirkpatrick Farms

Kirkpatrick Farm operators, Bryan and Susan Kirkpatrick along with their daughter, Andrea, raise food-grade corn and seed soybeans with an emphasis on improving the productivity of their land. The Kirkpatrick’s were early adopters of precision ag technology. The Kirkpatrick’s have operated a seed warehouse for local distribution for over 35 years and has developed a large, successful business built upon customer service.

 

More on Farm Risk >>

TAGS:

TEAM LINKS:

RELATED RESOURCES

The Role of Technology in Improving Farm Profitability | Commodity Classic 2025

March 12, 2025

Each year, numerous emerging technologies claim to boost your production, reduce input usage, or streamline your farm’s operations. However, the effectiveness of these technologies varies across different farms. Purdue ag economists James Mintert, Michael Langemeier, and Chad Fiechter examined how technology affects long-term farm growth and profitability, and share insights from farm financial records and farmer surveys during their 2025 Commodity Classic Learning Center Session on March 4, 2025. Watch the recording now!

READ MORE

Contingency Planning with Cash Flow Shortages

March 5, 2025

Contingency plans related to how to respond to changes in projected cash flows are important. Given the expected drop in crop prices this fall and wide variability in expected prices, it would be prudent for a farm to examine the sensitivity of their cash flow and repayment capacity to changes in crop prices. Using a case farm in southwest Indiana, Michael illustrates how contingency plans could be used.

READ MORE

Managing Strategic Risks on Your Farm

May 24, 2024

Purdue University’s Center for Commercial Agriculture recorded a series of short podcasts and accompanying videos to help agricultural producers improve their strategic risk management skills. Farms are exposed to strategic risks that are caused by a wide variety of unanticipated shocks to the operating environment ranging from government policy shifts to disease outbreaks.

READ MORE

UPCOMING EVENTS

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.