December 15, 2021
December Outlook Update at The Indiana Farm Equipment & Technology Expo
Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert hosted a live seminar on December 15 during The Indiana Farm Equipment and Technology Expo. The team discussed the corn and soybean outlook following release of USDA’s December World Agricultural Supply and Demand Estimates (WASDE) report, and provided crop marketing and farm management strategies to help keep producers’ bottom line black in 2022. Updates on corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections were also discussed.
The seminar recording and slides used during the Expo presentation are available for download below. The audio recording from the broadcast is also available below or can be accessed on your favorite podcast app.
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U.S. farm income in 2026 appears stable, but increased government payments are masking weaker livestock receipts and rising costs. Indiana faces a sharper decline, with net farm income projected to fall 28%, highlighting tighter margins and growing financial pressure heading into 2027.
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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.