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Purdue ag economist James Mintert and Michael Langemeier break down the March Purdue University-CME Group Ag Economy Barometer and share some insights into farmer sentiment. This month’s survey was conducted from March 13-17, 2023.
Read More about Commodity Price Outlook and Interest Rate Concerns Cloud Farmer SentimentOn March 31st USDA released the 2023 Prospective Plantings and the March Grain Stocks reports. Purdue ag economists James Mintert and Michael Langemeier reviewed the information contained in both reports and discussed implications for the corn and soybean outlook in 2023.
Read More about Prospective Plantings Report UpdateThe Purdue Center for Commercial Agriculture Crop Basis Tool is a web-based tool that provides access to weekly historical and contemporaneous corn and soybean basis data for local market regions in the eastern corn belt.
Read More about Crop Basis ToolThe Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2023 crop budget estimations for 2023.
Read More about 2023 Crop Cost and Return GuideThe rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. Purdue Extension Educators distributed the questionnaires at meetings and events statewide during the last month of 2022 and the first three months of 2023. Respondents were asked to report custom rates they had either paid or received during the past year.
Read More about 2023 Indiana Farm Custom RatesSlidedeck presentation by James Mintert given in Kokomo, Indiana on March 21, 2023.
Read More about Ag Economy Outlook & Financial and Risk Management Strategies for 2023Purdue 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.
Read More about Financial & Risk Management Strategies for 2023 at Commodity ClassicPurdue ag economist James Mintert and Michael Langemeier break down the February Purdue University-CME Group Ag Economy Barometer and share some insights into the farmer sentiment dip. The Ag Economy Barometer dipped 5 points in February to a reading of 125. Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened. This month’s survey was conducted from February 13-17, 2023.
Read More about Farmer Sentiment Dips in FebruaryFarming is never the same from year to year – sometimes prices are good, net farm income is high, and other times margins are tight. Planning ahead, or contingency planning for financial hardship is important for any farm operation. How to evaluate farm financials, update financial statements, analyze performance, and when borrowing makes sense.
Read More about Financial Risk Management & Contingency PlanningKnowledge, experience, and collaboration work hand in hand with one another to improve farm output per unit of input (i.e., productivity). Pursuit of one of these items without the others creates a disparity between farms able to survive and those that thrive in the industry. But the question arises, why do these factors play such a critical role in farm performance? This article reflects on the impact these three factors have on farm productivity and describes how each relates to management strategy.
Read More about Experience, Knowledge, & Collaboration: Why Good Managers Make an Effort to Improve