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General Farm Management & Strategy
While there have been numerous studies or articles that have evaluated grain marketing and crop insurance strategies separately, there is limited previous literature that examines these tools simultaneously. The purpose of this article is to identify which strategies contribute to an optimal portfolio of soybean marketing strategies for a case farm in southeast Indiana using a downside risk model.
Read MoreWhile there have been numerous studies or articles that have evaluated grain marketing and crop insurance strategies separately, there is limited previous literature that examines these tools simultaneously. The purpose of this study was to identify which strategies contributed to an optimal portfolio of corn marketing strategies for a case farm in southeast Indiana using a downside risk model.
Read MoreThe Purdue Farm Management Tour was held on July 11th at the Hackman Family Farm Market and Rowland Farm in Southern Indiana. Over 200 Tour participants learned about the innovative paths these two farm operations took to incorporate the next generation into their family’s business. View photos from the event now.
Read MoreThe 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.
Read MorePurdue ag economists James Mintert and Michael Langemeier share some insight into the results of the June 2023 Purdue University-CME Group Ag Economy Barometer survey. Farmer sentiment rebounded in June as the Purdue University-CME Group Ag Economy Barometer rose 17 points to a reading of 121. This month’s survey was conducted from June 12-16, 2023.
Read MoreGreg and Jacob Rowland discuss their family’s farm operation near Campbellsburg, Indiana with Purdue’s James Mintert. Rowland Farms has been in operation since the late 1930’s and will be featured as part of the Purdue Farm Management Tour on July 11, 2023 in Washington county, Indiana.
Read MoreMegan Vanliew and Jacquelyn Jansinski, daughters of Tom & Ruth Hackman, discuss their roles on the Hackman family’s farm near Vallonia, Indiana with James Mintert. Hackman Family Farm Market is a diversified farm operation and will be featured as part of the Purdue Farm Management Tour on July 11, 2023.
Read MoreOff-the-shelf strategic risk management tools remain unavailable for farmers (unlike availability of forward pricing commodities, hedging commodities using futures and/or options, locking in input prices, etc., for financial, marketing, and production risk), furthering the misconception that strategic risks are “unmanageable”. Strategic risk management requires a more deliberate approach (i.e., enhancing farm agility and absorption capacity). Results presented in this article reveal how resilience to strategic risk relates to future growth expectations, optimism on the state of the agricultural economy, use of management practices, and financial performance.
Read MorePurdue ag economists James Mintert and Michael Langemeier share some insight into the results of the May 2023 Purdue University-CME Group Ag Economy Barometer survey. Producer sentiment fell to its weakest reading since July 2022, as the Purdue University-CME Group Ag Economy Barometer Index declined 19 points to a reading of 104 in May. This month’s survey was conducted from May 15-19, 2023.
Read MoreContingency plans related to how to respond to changes in projected cash flows are also important. Given the expected drop in crop prices this fall, it would be prudent for a farm to examine the sensitivity of their cash flow and repayment capacity to changes in crop prices.
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