Farm Management Tour: July 17, 2024

Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.

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Crops

International Benchmarks for Soybean Production (2015)

This paper examines the competitiveness of soybean production for important international soybean regions using 2012 to 2014 data from the agribenchmark network. This network collects data on beef, cash crops, dairy, pigs and poultry, horticulture, and organic products for 32 countries.

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International Benchmarks for Corn Production (2015)

This paper examines the competitiveness of corn production for important international corn regions using 2012 to 2014 data from the agribenchmark network. This network collects data on beef, cash crops, dairy, pigs and poultry, horticulture, and organic products for 32 countries.

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​Long-Term Outlook for U.S. Ag. Economy

Recorded October 30, 2015 | Discussion focuses on the macroeconomic outlook and expected impacts on exchange rates and interest rates, a review of factors driving change in the crop sector including shifts in supplies taking place, and a review of expected returns for corn and soybeans and prospects for farmland prices in the the Midwest.

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Benchmarking Machinery Investment and Cost

The continued increase in size of tractors, combines, and other machinery has enabled farms to operate more acres and reduce labor use per acre. However, this increase in machinery size also makes it increasingly important to evaluate the efficient use of machinery.

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Crop ​Outlook for 2015-2016​​

Recorded September 14, 2015 | Outlook for corn and soybeans following USDA’s Sept. 2015 Crop Production & Supply/Demand Reports. Features review of factors influencing prices and provides marketing & management recommendations. Program features Purdue Economists Chris Hurt, Corinne Alexander & James Mintert.

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Buying (Selling) Inputs in the Current Business Climate

Grain farmers are facing significantly lower prices and incomes in 2015 compared to previous years which have resulted in intense pressure to lower costs by aggressive negotiation on land rents and purchased inputs. Much of this negotiation has focused on price–farmers are asking/expecting price reductions, but suppliers of fertilizer seed and chemicals in particular are hesitant to adjust prices down.

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Becoming a “Best in Class” Farm

Corn Belt agriculture is in the midst of transitioning from one of the most profitable periods on record to what could be an extended period of tight margins for most corn and soybean operations. Now that the 2015 planting season is drawing to a close, you should take time to reevaluate your farming operation and consider how you can make sure your farm is strategically positioned to be a “best in class” operation in the years ahead. Doing so will help ensure that your farm will thrive, not just survive, in an era of tight operating margins.

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Crop Outlook and Management Strategy​​

Recorded July 1, 2015 | A review of the fundamental drivers of crop prices and updated management recommendations in light of shifting crop conditions.

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It’s Not Just About Costs per Acre, Even in Tight Times

The current climate of low crop commodity prices is squeezing margins. Some margins might even be negative if crop producers continue with current costs. As a result, crop producers might focus more intensely than usual on managing costs of production.

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Spring 2015 Crop ​​​Outlook

Recorded April 1, 2015 | Corn and soybean crop price outlook for 2015. A review of the updated crop outlook, following the release of USDA’s March Prospective Plantings and Grain Stocks reports, and discuss marketing strategies for the 2014 and 2015 crops.​

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