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Weaker expectations for the future led to a decline in farmer sentiment in March as the Purdue University/CME Group Ag Economy Barometer index fell 12 points to a reading of 140, down from 152 a month earlier. Purdue ag economists James Mintert and Michael Langemeier share their insight into the results of the March 2025 Ag Economy Barometer survey, conducted from March 10-14, in this episode of the Purdue Commercial AgCast.
Read MoreBetween February 12th and March 12th, the markets for corn and soybeans significantly changed. As market prices have dropped, corn and soybean basis across the Midwest have strengthened. The basis strengthening is a welcomed change following over 2 months of weakening or unchanging basis. The falling market prices have decreased the value of uncontracted stored grain. Stored grain hedged through futures markets has increased in value over the last month as the basis has strengthened.
Read MoreEach 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 MoreContingency 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 MoreU.S. farmer sentiment continued its upward trend in February, as the Purdue University/CME Group Ag Economy Barometer rose 11 points from the previous month to a reading of 152. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the February 2025 Ag Economy Barometer survey, conducted from February 10-14, in this episode of the Purdue Commercial AgCast.
Read MoreSince the beginning of December, corn and soybean basis across Indiana have generally been stable. Over the 10 weeks, most basis levels stayed within a $0.10/bu. range.
Read MoreMichael Langemeier presented at the Ag Women Engage Conference in Fort Wayne, Indiana on February 13, 2025, on flexible cash rent leases.
Read MoreLabor costs are one of the most prevalent costs on a farm. As such, farm managers need to evaluate whether they are utilizing labor efficiently and productively. One way to evaluate this issue is to use benchmarks created using data from similar farms. Labor benchmarks should include family and operator labor as well as hired labor.
Read MoreU.S. farmers retained their post-election optimistic outlook at the start of the new year as the January Purdue University/CME Group Ag Economy Barometer Index rose 5 points above a month earlier to a reading of 141. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the January 2025 Ag Economy Barometer survey, conducted from January 13-17, in this episode of the Purdue Commercial AgCast.
Read MoreThrough the first three weeks of January, corn and soybean basis have been stable or weakened slightly. This is a continuation of the stabilization and slight weakening that started in December and follows statewide strengthening throughout November. Before November, the 2024-2025 crop basis levels were well below the three-year average.
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