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2016 Agriculture and Applied Economics Association Annual Outlook Survey Highlights

Results from these two surveys reveal that there are some stark differences in opinion between economists and producers regarding the U.S. agricultural economy.

International Benchmarks for Wheat Production (2016)

This paper examined yield, gross revenue, and cost for farms with a wheat enterprise in the agri benchmark network from Australia, Canada, Germany, Ukraine, and United States.

International Benchmarks for Soybean Production (2016)

This paper examined yield, gross revenue, and cost for farms with soybeans in the agri benchmark network from Argentina, Brazil, Ukraine, and United States.

International Benchmarks for Corn Production (2016)

This paper examined yield, gross revenue, and cost for farms in the agri benchmark network from Argentina, Brazil, and the Ukraine, and the United States with corn enterprise data.

Putting a Value on Sweat Equity in the Farm Business

Recorded August 23, 2016 | Michael Langemeier and Purdue Extension’s Denise Schroeder discuss how to divide business income between generations on a family farm and provide a simplified approach to valuing “sweat equity” in the family farming business.

Land Values in Indiana (2016)

Recorded August 17, 2016 | Purdue agricultural economists present and discuss results from the 2016 Purdue Farmland Values Survey.

Beef and Pork’s Role in Filling the Supply Gap

Producers of beef and pork have generally been discouraged about recent low prices as cash prices have dropped sharply this year. Spring finished cattle price highs were near $138 per live hundredweight, but last week had fallen to $115, a $23 plunge.

Trends in Land Price, Cash Rents, and Price to Rent Ratios for Iowa, Illinois, and Indiana

Farmland prices and cash rents have fallen in Iowa, Illinois, and Indiana in the last couple of years. However, our analysis indicates that the farmland price per acre divided by cash rent per acre, and farmland price per acre divided by average cash rent for the previous five years, continue to be substantially higher than historical values.

Cattle Markets Can Recover

Recent live cattle futures prices have been extremely depressed, sending signals of much lower cash prices next year. While prices are expected to be lower next year, they may not be as low as suggested by futures.

Impact of Corn and Soybean Prices on Swine Finishing Feed Cost

This article discussed recent trends in feed costs for a swine finishing enterprise. Feed costs have dropped dramatically since the first quarter of 2014. Feed cost is expected to be slightly below 2015 levels in 2016 and 2017.

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2016 Agriculture and Applied Economics Association Annual Outlook Survey Highlights

International Benchmarks for Wheat Production (2016)

International Benchmarks for Soybean Production (2016)

International Benchmarks for Corn Production (2016)

Putting a Value on Sweat Equity in the Farm Business

Land Values in Indiana (2016)

Beef and Pork’s Role in Filling the Supply Gap

Trends in Land Price, Cash Rents, and Price to Rent Ratios for Iowa, Illinois, and Indiana

Cattle Markets Can Recover

Impact of Corn and Soybean Prices on Swine Finishing Feed Cost

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