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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General Farm Management & Strategy
Corn prices are 25% higher and soybean meal prices are 1% higher. Given that many of the supply and demand factors impacting the 2022 crop are going to persist way into 2023, what are the prospects for feed costs for farrow-to-finish and swine finishing production in the upcoming year?
Read MoreFarmer sentiment weakened again in October as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 102, down 10 points compared to a month earlier. This month’s survey was conducted from October 10-14, 2022.
Read MoreRecorded October 14 | Purdue ag economists discussed USDA’s October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and the current corn and soybean outlook.
Read MoreDue to weather and rapidly changing market conditions from year to year, farm income can vary substantially from one year to the next. For many producers, 2021 and 2022 have been relatively strong net farm income years. Therefore, tax planning strategies will be relatively important. This article briefly discusses some common tax planning strategies.
Read MoreThe Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier. This month’s survey was conducted from September 19-23, 2022. Purdue ag economists Michael Langemeier and James Mintert break down the results of the September 2022 Ag Economy Barometer survey.
Read MoreOn 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 MoreRecorded September 16 | Purdue ag economists discussed USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
Read MoreFarmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer index rose 14 points above its July reading to 117. This month’s survey was conducted from August 15-19, 2022. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists Michael Langemeier, Nathan Thompson, and James Mintert break down the results of the August 2022 Ag Economy Barometer survey. Slides and audio transcript are available and can be found below.
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 MoreRecorded August 24 | Purdue ag economists break down the Purdue Farmland Values and Cash Rents Survey results and the USDA Land Values report.
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