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The slidedeck presented by the Center’s Michael Langemeier during the farm finance presentation at our Crop Marketing & Farm Finance Workshops. The session explored the use of enterprise budgets to evaluate long-term enterprise profitability, and whole-farm financial projections to evaluate profitability and repayment capacity for the upcoming year.
Read MoreThe slidedeck presented by the Center’s James Mintert and Nathan Thompson during the crop marketing presentation at our Crop Marketing & Farm Finance Workshops. The session focus was on learning about your local basis patterns and how you can take advantage of that knowledge to improve profitability on your farming operation and reduce risk.
Read MoreRecent trends in feed costs for farrow-to-finish and swine finishing enterprises, and projections for 2020. Feed costs are expected to be similar to that experienced in 2019. However, current projections have a wide band around them.
Read MoreThe Farm Bill Decision Making Workshop slidedeck presentation by Michael Langemeier and James Mintert.
Read MoreThe Farm Bill Decision Making Workshop slidedeck presentation by Kaitlin Myers, State Agricultural Program Specialist from USDA’s Indiana Farm Service Agency.
Read MoreRecorded January 31, 2020 | Purdue ag economists Michael Langemeier and James Mintert focus just on the ARC-IC 2018 Farm Bill program to help clarify where it fits best.
Read MoreAt the end of 2019, fed cattle prices were $122.00. This increase in fed cattle prices had a large impact on cattle finishing profitability in the fourth quarter of 2019. Moreover, fed cattle prices are predicted to remain strong through at least the second quarter of 2020.
Read MoreCorn prices have been quite volatile in 2019. Corn prices in Indiana were approximately $3.70 per bushel in April, $4.55 in July, and $3.90 in December. Given the uncertainty regarding what gets planted to large amount of acres that were not planted in 2019 (i.e., prevent plant acres), corn prices are likely to also be volatile in 2020.
Read MoreUsing Indiana cash prices reported by USDA-NASS, the soybean to corn price ratio was quite variable in 2019 ranging from 1.93 in July to 2.37 in January. This leads to two important questions. How common or uncommon is it for this ratio to be substantially above or below the long-run average? Does a low or high ratio signal a change in the relative profitability between corn and soybeans?
Read MoreThis survey provides a useful glimpse into the farm data lifecycle from collection to action to evaluation. We find that among large commercial corn and soybean operations, data collection is common (92% collect at least one type of farm data) and that collection is strongly related to farm characteristics.
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