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April 2023 Crop Basis Update

April 13, 2023 crop basis update on forward contract bids, corn and soybean basis outlook, and new crop corn and soybean futures.

10 Questions That Need to Be Addressed When Considering Farm Growth

Is your farming operation considering farm growth in the near future? Michael Langemeier discusses farm growth with Farm Marketer’s Tracy Brunet on the Impact Farming podcast.

Trends in General Inflation & Farm Input Prices

Most of the recent discussion involving input price changes in U.S. production agriculture has focused on fertilizer prices, which have declined during the last few months. Other inputs have not necessarily experienced this decline in prices.

Comparison of Conventional & Organic Crop Rotations (Spreadsheet Tool)

This spreadsheet compares conventional and organic rotations over a ten-year horizon. Specifically, net returns are compared for a conventional corn/soybean rotation, a conventional corn/soybean/wheat rotation, and an organic corn/soybean/wheat rotation.

Commodity Price Outlook and Interest Rate Concerns Cloud Farmer Sentiment

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.

Prospective Plantings Report Update

On 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.

Crop Basis Tool

The 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.

2023 Crop Cost and Return Guide

The 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.

2023 Indiana Farm Custom Rates

The 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.

Ag Economy Outlook & Financial and Risk Management Strategies for 2023

Slidedeck presentation by James Mintert given in Kokomo, Indiana on March 21, 2023.

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