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Farmer sentiment weakened again in October as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 102, down 10 points compared to a month earlier. This month’s survey was conducted from October 10-14, 2022.
Read More about Ag Economy Barometer Declines Again, Producers Express Concern About Interest Rate PolicyRecorded October 14 | Purdue ag economists discussed USDA’s October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and the current corn and soybean outlook.
Read More about October Corn & Soybean Outlook UpdateDue to weather and rapidly changing market conditions from year to year, farm income can vary substantially from one year to the next. For many producers, 2021 and 2022 have been relatively strong net farm income years. Therefore, tax planning strategies will be relatively important. This article briefly discusses some common tax planning strategies.
Read More about Tax Planning for High-Income YearsThe balance sheet for the U.S. farm sector represents a marked improvement compared to the balance sheet in 2020. Both liquidity and solvency for the U.S. farm sector are relatively strong.
Read More about U.S. Farm Sector Balance SheetBreakeven prices are helpful when making crop decisions and when marketing crops. Without breakeven price information, it is very difficult for a producer to gauge or evaluate market opportunities as crop prices change or make crop rotation decisions. Looking ahead to 2023, breakeven prices for corn and soybeans are 5-7% higher than those experienced in 2022.
Read More about What is Your Breakeven Price for Corn and Soybeans?The Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier. This month’s survey was conducted from September 19-23, 2022. Purdue ag economists Michael Langemeier and James Mintert break down the results of the September 2022 Ag Economy Barometer survey.
Read More about Farmer Sentiment Drifts Lower, Rising Interest Rates Contribute to UneasinessPurdue agricultural economists Brady Brewer and Michael Langemeier discuss updated inflation numbers and interest rates and the impacts on agriculture in this episode of Purdue Commercial AgCast. Farm inputs like fertilizer, diesel, machinery and building supplies are discussed, as well as capital investments like land and real estate, and how the cost of debt is affecting budgets and operating interest rates.
Read More about Farm Impact from Rising Inflation and Interest Rates: September UpdateOn this episode Purdue ag economist Brady Brewer hosts a discussion that will provide you with 10 tips for better communication within your farm business. Joining Dr. Brewer is Family Business Management Specialist Renee Wiatt, Extension Area XI Director Kelly Heckaman, and Fayette County ANR Educator Heather Caldwell.
Read More about 10 Tips for Communication in Your Farm BusinessRecorded September 16 | Purdue ag economists discussed USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
Read More about September Corn & Soybean Outlook UpdateFarmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer index rose 14 points above its July reading to 117. This month’s survey was conducted from August 15-19, 2022. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists Michael Langemeier, Nathan Thompson, and James Mintert break down the results of the August 2022 Ag Economy Barometer survey. Slides and audio transcript are available and can be found below.
Read More about Farmer Sentiment Improves But Producers Still Concerned About Rising Costs and Inflation