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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.

2016 Crop Outlook

Recorded July 1, 2016 | The panelist discuss the corn, soybean, and wheat outlook following the release of USDA’s June 30th Grain Stocks and Acreage Reports.

Modest Pork Expansion, But Brexit Casts Shadow

The longer-term economic implications of Brexit may be the most important and could reduce the rate of world economic growth. If Brexit does slow world income growth, that could be negative for global sales of pork and other U.S. agricultural products.

Hog Profits – Battle Between Higher Hog Prices and Higher Feed Prices

Two important factors determining margins this year are the potential for higher pork exports and thus higher hog prices and the potential for higher feed prices. These are tugging at margins in opposite directions.

Ag Economy Barometer

The Ag Economy Barometer will be published the first Tuesday of each month. If you are interested in learning more about the Ag Economy Barometer, visit our website, www.purdue.edu/agbarometer where you can also register for email updates when the Ag Economy Barometer is published.

Strategy & Business Planning for the Progressive Farm Business

Recorded June 8, 2016 | A discussion on strategy and business planning details for your farm business.

Identification of Unique Resources

It is pertinent to discuss resource based theory of the firm. This theory can help explain why farms are different. In general, differences among farms are the result of differences in prices paid for inputs, the availability and ability to take advantage of niche markets, differential learning or organizational structures, or differential strengths and resource endowments.

Saving Money on Weed Control Without Reducing Yields

Jim Mintert says, “If you reduce yields because you have poor weed control, you will push your cost per bushel much higher, as much as $3.00 per bushel if you had a 20% drop in yields because of poor weed control.”

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