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General Farm Management & Strategy

Strategic Decisions: You Can’t Always Be Right

No matter how well informed you are, how careful you have been in specifying the problem, how much data and information you have collected, how systematic you have been in the decision process, it is possible you will make a mistake – a wrong choice.

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Managing in Turbulent Times: Positioning to Capture the Upside, Buffer the Downside

Risk dominates the farming sector, and most farmers try to reduce or manage/mitigate the risks they take. Risk is perceived by most to be “bad” – – something to be avoided.

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Managing Your Farm Business in Tougher Times

The business climate for the farming sector is transitioning from a period of unprecedented prosperity, particularly for the grain sector, to a much less robust period. To help you navigate this new business environment, we’ve identified ten strategies for long-term success.

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2014 Farm Bill Questions​​

Recorded February 16, 2015 | Analysis of key decisions farmers and landowners need to make regarding their participation in programs available under the 2014 Farm Bill.

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Risk and Uncertainty

This series of articles will provide an introduction to risk and uncertainty, and discuss tools and strategies that can be used to mitigate risk and uncertainty.

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How Do You Win In Tough​ Times?

Recorded January 23, 2015 | ​Management strategies that you can put in place now to help your farm deal with the pressure of low profitability in the crop sector. Purdue Economists Michael Langemeier and Jim Mintert discuss the “Best in Class” strategies which will help position your farm for success now and in the years ahead.​

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3 Ways to Manage Risk in Your Farm Business

Most people working in agriculture are in the business of commodity. And in the long run, in a commodity business, there is one absolute key to success. It’s pretty straightforward: be a low-cost producer. It can be difficult to make it happen, but necessary, especially in today’s volatile financial climate.

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The Great Margin Squeeze: Strategies for Managing Through the Cycle

After many years of high commodity prices and strong profitability, the landscape in the row-crop sector has shifted dramatically. Today, farmers are facing a substantial margin squeeze. Purdue’s early estimates of the 2015 budget for operations on average-quality Indiana farmland projected a loss ranging from $156 to $317 per acre.

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Managing Your Farm In An Economic Downturn

Recorded December 18, 2015 | A discussion of strategies farmers can use to successfully manage their farm during the current economic downturn in crop agriculture.

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Changing Business Climate for Agriculture and the Outlook for 2015​​​​

Recorded December 5, 2014 | The panelists outline drivers of this changing business climate and discuss strategies farms can put in place to help manage the downturn in crop agriculture and the upswing in animal agriculture.

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