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

Conventional and Organic Enterprise Net Returns

Due to continued increases in demand for certified organic grains, crop farmers that have transitioned from conventional to certified organic grains report higher net returns per acre. This article uses FINBIN data from 2017 to 2021 to update comparisons of crop yields, gross revenue, total expense, and net returns for conventional and organic alfalfa, corn, oats, soybeans, and winter wheat.

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July Corn & Soybean Outlook Update

Recorded July 13 | Purdue ag economists discussed the corn and soybean outlook following USDA’s July World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

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June Corn & Soybean Outlook Update

Recorded June 13 | Purdue ag economists discussed the corn and soybean outlook following USDA’s June World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

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Explaining Fluctuations in DDG Prices

Distiller’s dried grains (DDGs) are a co-product of dry-milled ethanol production. U.S. ethanol plants have the capacity to produce more than 17 billion gallons of ethanol and 35 million tons of DDG (Ag MRC). DDGs from corn contain, on average, 30 percent protein, 10 percent fat, and 7 percent fiber.

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May Corn & Soybean Outlook Update

Recorded May 16 | Purdue ag economists discussed the corn and soybean outlook following USDA’s May World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

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International Benchmarks for Wheat Production (2022)

This paper examines the competitiveness of wheat production for important international wheat production regions using 2016 to 2020 data from the agri benchmark network. Data from ten typical farms with wheat enterprise data from Argentina, Australia, Canada, Germany, Russia, Ukraine, and United States were used in this paper.

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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.

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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.

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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.

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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.

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