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Matt Erickson, an ag economic and policy advisor and former chief economist for the US Senate Committee joins hosts Todd Kuethe and Chad Fiechter in this episode of Purdue Commercial AgCast.
Read More about Understanding Ag Policy: A Conversation with Matt EricksonGrain farmers are facing significantly lower crop prices and incomes in 2025 compared to previous years which have resulted in intense pressure to lower costs through negotiations on cash rents and purchased inputs. Much of this negotiation has focused on price – farmers are asking for price reductions, but suppliers of fertilizer, seed, and chemicals are hesitant to adjust prices down. In many cases suppliers have laid in inventories at costs that provide little flexibility to reduce prices without dramatically compressing their margins.
Read More about Buying Inputs in the Current Business ClimateThe Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2025 crop budget estimations for 2025.
Read More about 2025 Crop Cost and Return GuideWeaker 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 More about Producer Sentiment Slips Due to Rising Policy UncertaintyBetween 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 More about Corn and Soybean Basis Strengthen Across the Midwest Amidst Decreasing PricesEach 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 about The Role of Technology in Improving Farm Profitability | Commodity Classic 2025U.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 More about Farmer Sentiment Rises as Current Conditions Improve on U.S. FarmsSince 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 More about February Indiana Crop Basis Update & Using the Crop Basis Tool to Plan Storage HedgesMichael Langemeier presented at the Ag Women Engage Conference in Fort Wayne, Indiana on February 13, 2025, on flexible cash rent leases.
Read More about Flexible Cash Rent Leases, Presentation at Ag Women EngageLabor 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 More about Benchmarking Labor Efficiency and Productivity