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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Finances
On this episode Purdue ag economist Brady Brewer hosts a discussion that will provide you with 10 tips for better communication within your farm business. Joining Dr. Brewer is Family Business Management Specialist Renee Wiatt, Extension Area XI Director Kelly Heckaman, and Fayette County ANR Educator Heather Caldwell.
Read MoreObtaining control of land through leasing has a long history in the United States. Leases on agricultural land are strongly influenced by local custom and tradition. However, in most areas, landowners and operators can choose from several types of lease arrangements. With crop share arrangements, crop production and often government payments and crop insurance indemnity payments are shared between the landowner and operator. These arrangements also involve the sharing of at least a portion of crop expenses. Fixed cash rent arrangements, as the name implies, provide landowners with a fixed payment per year. Flexible cash lease arrangements provide a base cash rent plus a bonus which typically represents a share of gross revenue in excess of a certain base value. Each leasing arrangement has advantages and disadvantages.
Read MoreFarm Success and Technology Adoption slidedeck presentation by Michael Langemeier given in Rosario Argentina on August 11, 2022.
Read MoreDue 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.
Read MoreOn this episode Purdue ag economists Brady Brewer and Michael Langemeier discuss inflation and interest rates in the agricultural sector as well as the agricultural credit markets. Gain more insight on interest rates, inflation and more!
Read MoreOn this episode Purdue ag economist Brady Brewer along with the Purdue farm transition team Maria Marshall, Renee Wiatt, and Kyle Weaver, discuss the importance and implementation of roadmapping in your farm succession process.
Read MoreOn this episode Purdue ag economists Brady Brewer and Michael Langemeier, along with extension educator Ed Farris discuss farm financial readiness and how it impacts succession planning. A downloadable version of The Farm’s Legacy: A Guidebook for Intra-Family Succession is available here. An audio transcript is also available below.
Read MoreThis article discusses recent trends in working capital and differences in working capital among farms, and provides working capital benchmarks. Data from USDA-ERS as well as the Center for Farm Financial Management in Minnesota is utilized.
Read MoreHow soon should you start succession planning? What are important things to think about that need transferred? What makes a good business partner, and how can you make this decision? On this episode, Purdue ag economist Brady Brewer discusses these succession planning questions along with tips on how to accomplish this transition in your farm…
Read MoreIn this episode Purdue associate professor and agricultural economist Dr. Brady Brewer along with a panel of experts discuss various aspects of the ag credit market and how nontraditional lenders are impacting the ag credit markets. The powerpoint slide are available, and the research papers referred to in this episode are linked within the slides.
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