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Russia’s invasion of Ukraine in late February disrupted world supplies of several key agricultural commodities, including corn. Some readers were likely surprised to learn that Ukraine is an important supplier of corn to the world.
Read More about Understanding the Corn Market’s Response to War in UkraineThe Purdue University-CME Group Ag Economy Barometer rose 6 points in February to 125, matching the sentiment index’s reading from December. This month’s survey was conducted from February 14-18 2022, which was just prior to Russia’s invasion of Ukraine.
Read More about Farmer Sentiment Rises During Commodity Price Rally; Concern Over Production Costs RemainsMichael Langemeier presented on Farm Bill and Crop Insurance Options for 2022 in Shelby county. ARC-IC, ARC-CO, and PLC farm bill program options, as well as RP, SCO, and ECO insurance products were discussed.
Read More about Farm Bill and Crop Insurance OptionsExports of U.S. pork to all destinations in 2021 declined modestly (3%) when compared to 2020, but export volume in 2021 was still the second largest on record. U.S. pork production declined 2% in 2021 to 27.7 billion pounds so pork exports, at just over 7 billion pounds, equated to 25% of U.S. pork production.
Read More about Exports Continue to Be A Bright Spot for U.S. Pork SectorRecorded February 10 | Purdue ag economists review USDA’s February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
Read More about February Corn & Soybean Outlook UpdateLabor 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.
Read More about Benchmarking Labor Efficiency and ProductivityFarmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to 119, down from 125 a month earlier. This month’s decline leaves the barometer just three points higher than in November and is the second-lowest sentiment reading since July 2020.
Read More about Ag Economy Barometer Declines, Producers Concerned About Rising Costs and Supply Chain DisruptionsMichael Langemeier presented Incorporating Conservation Provisions into Crop Leases at the Great Lake Crops Summit in Mt. Pleasant, Michigan.
Read More about Incorporating Conservation Provisions into Crop Leases, Great Lake Crops SummitCenter director and Purdue ag economist James Mintert speaks with Eric Atkinson, host of K-State’s Agriculture Today radio program, about what we’ve learned from conducting Ag Economy Barometer surveys since October 2015.
Read More about What We’ve Learned From the Ag Economy BarometerRecorded January 14 | Purdue ag economists review USDA’s January Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
Read More about January Corn & Soybean Outlook Update