March 10, 2023

Financial & Risk Management Strategies for 2023 at Commodity Classic

Purdue ag economists James Mintert & Michael Langemeier shared key lessons from 2022 and help producers plan for the financial and risk management realities of 2023. Live from Orlando, Florida at the 2023 Commodity Classic Learning Center Session on March 9, 2023. The discussion featured the latest data from the Purdue University/CME Group Ag Economy Barometer. These results specifically focused on what farmers see happening with regard to their current financial situation, expected profitability in 2023, the desirability of making large investments in their farms, plans for expansion and their approach to risk management in these challenging times.

 

Video Markers:

00:00 Intro
01:36 Ag Economy Barometer Survey
27:18 Farm Growth
35:33 Farmland Values
46:47 Long-Run Farm Management Strategies for Success
55:01 Looking Ahead…Upside & Downside Risks

 

20230309_PurdueCCA_CommodityClassic_Final

TAGS:

TEAM LINKS:

RELATED RESOURCES

Farm Agility, Resilience & Strategic Risk

January 31, 2024

Purdue ag economists Brady Brewer, Michael Langemeier and Margaret Lippsmeyer discuss the importance of strategic risk management and the factors that contribute to a farm’s resilience In this episode of the Purdue Commercial AgCast.

READ MORE

Agility and Producer Sentiment

October 3, 2023

Survey of U.S. farmers reveals how a farm’s agility relates to farm growth. Respondents were asked if they had established goals, objectives, and core values; whether their farm looked for opportunities that new enterprises may provide; whether they regularly assessed their advantages and disadvantages compared to other farms.

READ MORE

Absorption Capacity and Producer Sentiment

September 26, 2023

Survey of U.S. farmers reveals how absorption capacity drives farm growth and resilience. Respondents were asked if they had low per unit fixed costs, a diversified enterprise mix, and a strong balance sheet.

READ MORE

UPCOMING EVENTS

Commodity Classic 2024

The Purdue University Center for Commercial Agriculture will present a Learning Center Session on Thursday, February 29 entitled Positioning Your Farm for Long-Term Success during Commodity Classic in Houston, Texas.

Read More