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Crops

Inflation, Interest Rates & the Cost of Farm Inputs

What really is inflation? How is it measured? What is the potential impact on consumers and the ag sector? Purdue agricultural economists Brady Brewer, Michael Langemeier, and James Mintert discuss these questions and the potential impacts of rising inflation & Fed policy on interest rates. Near the end of the conversation, they discuss the long-run relationship between inflation and farm input prices. Slides and a transcript from the discussion are available.

Trends in General Inflation and Farm Input Prices

Numerous factors are responsible for the surge in fertilizer prices. Each input used in production agriculture and in other industries has its own set of supply and demand fundamentals. However, input prices can also be affected by changes in general inflation.

April Corn & Soybean Outlook Update

Recorded April 12 | Purdue ag economists discussed the corn and soybean outlook following USDA’s April World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

Corn & Soybean Prospective Plantings Report Update

Purdue agricultural economists Michael Langemeier, Nathan Thompson and James Mintert discussed the implications of the Prospective Plantings report from USDA-NASS which was released on March 31, 2022. Implications for 2022 crop corn and soybean production based on the report’s planted acreage estimates were discussed along with a “first pass” at what it might mean for carryover estimates into the 2023 crop year.

International Benchmarks for Soybean Production (2022)

Examining the competitiveness of soybean production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. This paper examines the competitiveness of soybean production for important international soybean regions using 2016 to 2020 data from the agri benchmark network. 

2022 Crop Cost and Return Guide

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2022 crop budget estimations for 2022.

March Corn & Soybean Outlook Update

Recorded March 11 | Purdue ag economists review USDA’s March World Agricultural Supply and Demand Estimates (WASDE) report.

Crop Insurance Choices for 2022

Managing risk is always important, but especially so this year. This episode of the Purdue Commercial AgCast is a great opportunity for producers to review their crop insurance choices for the upcoming season.

International Benchmarks for Corn Production (2022)

This paper examines the competitiveness of corn production for important international corn regions using 2016 to 2020 data from the agri benchmark network. The agri benchmark network collects data on beef, cash crops, dairy, pigs and poultry, horticulture, and organic products. There were 16 countries with corn data for 2020 represented in the cash crop network.

Understanding the Corn Market’s Response to War in Ukraine

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.

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