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2020 Ag Outlook

Recorded December 19, 2019 | Michael Langemeier and Jim Mintert provide an overview of key supply and demand drivers for corn and soybeans, examines basis patterns and possible storage returns, provides updated 2020 crop budget projections, and takes a first look at pricing opportunities for the 2020 corn and soybean crops.

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What Do Farmers Have to Say About the Ag Economy?

2019 Ag Policy Forum, hosted by the Indiana Soybean Alliance & Indiana Corn Growers Association in Noblesville, Indiana, presentation by James Mintert.

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The Incidence of Financial Stress on Kansas Farms

Though both having a negative profit margin and a debt to asset ratio over 0.70 are important determinants of financial stress, a high debt ratio explains the vast majority of the variation in financial stress over time.

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U.S. Cattle & Hog Sectors

Chicago Federal Reserve 2019 presentation by James Mintert.

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Why Does my Lender Keep Talking About Working Capital?

Why is working capital so important in today’s environment?  To start with, working capital represents a farm’s first defense against financial stress.  When cash flow is tight or even negative, working capital can be used to cover the gap or shortfall.

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Measuring Financial Stress

Farms with low profitability and high solvency are typically financially stressed. This article uses the operating profit margin ratio and the debt to asset ratio to create a measure of financial stress.

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Cattle Feeders Place More Heifers on Feed

USDA’s October Cattle on Feed report, released on Friday, October 25th, indicated that the nation’s on feed inventory of 11.3 million head was about 1% smaller than a year ago, but still more than 4% larger than two years ago.

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Impact of Recent Changes in Corn and Fed Cattle Prices on Cattle Finishing Net Returns

This article discussed recent trends in feeding cost of gain, the feeder to fed price ratio, and cattle finishing net returns. Average cattle finishing losses in the first six months of 2019 were $52 per head.

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Leasing Land Fundamentals

A series of leasing articles that discuss cash rents and land values: Leasing Principles for Cropland, Providing Reports for Crop Landowners, Flexible Cash Rent Leases, Incorporating Conservation Practices & Improvements into Cropland Leases?, Should I Use an Annual or Multi-Year Cropland Lease?

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Fall 2019 Crop Outlook: Following USDA’s September Crop Production Report

Recorded September 13, 2019 | Jim Mintert and Michael Langemeier discuss the outlook, market analysis, and marketing considerations for the 2019 crops.

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