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General Farm Management & Strategy
Farmer sentiment jumped again in November, with the Purdue University/CME Group Ag Economy Barometer climbing 30 points to a reading of 145. This marked the highest level of farmer optimism since May 2021. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the November 2024 Ag Economy Barometer survey, conducted Nov. 11-15, 2024, the week following the U.S. presidential election.
Read MoreFarmer sentiment saw an unexpected surge in October ahead of the upcoming U.S. election, according to the latest Purdue University/CME Group Ag Economy Barometer. The index rose to 115, marking a 27-point increase from September. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the October 2024 Ag Economy Barometer survey, conducted from Oct. 14-18, 2024, on this Purdue Commercial AgCast episode.
Read MoreIn this episode of the Purdue Commercial AgCast, Chad Fiechter hosts Michael O’Donnell, a regional manager at Belltown Farms, who focusing on converting conventional farms to organic. Michael shares insights on crop rotations, equipment, personnel, and market demands, emphasizing the shift towards domestic organic grain production. The episode concludes with optimism for the future of organic farming and Michael’s dedication to promoting sustainable agriculture.
Read MoreMidwest crop producers have experienced a significant downturn in corn, soybean, and wheat prices since the beginning of the year and farm incomes are expected to be much lower in 2024 than they have been the last three to four years. Moreover, current expectations are that prices will continue to remain at or below the cost of production for at least a couple more years. Consequently, a key question being asked is as follows: “who is the most vulnerable financially during this downturn”?
Read MoreThe Purdue University/CME Group Ag Economy Barometer recorded its lowest readings since March 2016 in September. Declining income expectations pushed farmer sentiment down as the barometer fell 12 points to 88. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the September 2024 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.
Read MoreMichael Langemeier presented at the Regional Conservation Finance Ag Educator Training in Arlington, WI on September 16, 2024, on connecting soil health to economics and looking at formulating and priortizing farm goals.
Read MoreMichael Langemeier presented at the Regional Conservation Finance Ag Educator Training in Arlington, WI on September 16, 2024, on the economics of reduced tillage and cover crops.
Read MoreThe August Purdue University/CME Group Ag Economy Barometer dropped 13 points from July to a reading of 100, echoing levels seen from fall 2015 to winter 2016 during the early stages of a significant downturn in the U.S. farm economy. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the August 2024 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.
Read MoreMaria Marshall and Renee Wiatt join host Brady Brewer in this episode to discuss how the many generations of family engaged in a family business interact with one another. One of the challenges in a family business is understanding the differences in generational perspectives on the business and possible succession. This AgCast episode reviews results from a recent survey conducted across the Midwest which examines generational differences within farm families seeking to transition their businesses to the next generation.
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. 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 or threshold.
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