When it comes time to transition your farm business to the next generation, whether your farm is set up as a sole proprietor, partnership, corporation, or LLC, how your business is structured will affect many aspects. Deciding on a business entity requires much thought and advice. In this Purdue Commercial AgCast episode, our seventh in our Farm Transition Planning series, Purdue ag economist Brady Brewer and members of the Purdue Farm Transition team Kelly Heckaman and Ed Farris discuss business entities.

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2021 crop budget estimations for 2021.

As we develop technologies and tools to expand the toolkit for precision farming and digitization systems and platforms to enhance farmer’s profit margins as well as create value for the value chain and society as a whole, the farming sector will be increasingly transformed from “growing stuff” to biological manufacturing.

Purdue ag economists Brady Brewer and Michael Langemeier discuss credit underwriting and the criteria financial institutions use to determine eligibility of an applicant in this episode of the Purdue Commercial AgCast.

Recorded February 10, 2021 | Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discuss USDA's February Crop Production and World Agricultural Supply and Demand (WASDE) reports.

Improvements in production performance are critical to controlling production costs and for the industry to remain competitive in comparison to swine producers in other countries and competing meats. This article examines long-term trends in pigs per litter.

The Ag Economy Barometer drifted lower in January to a reading of 167, a decline of 7 points compared to December and equal to the index’s November reading. The barometer’s decline over the last three months is all attributable to weaker expectations for the future as the Index of Future Expectations has fallen 35 points…

Adding on to our transition planning series, in this 6th episode, Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Renee Wiatt and Maria Marshall focus on how and why to set up governance policies in a farm business.

Crop producers need to make their 2021 farm program choices at their local Farm Service Agency (FSA) office (or online) by March 15, 2021. Producers have the option of choosing either the Agriculture Risk Coverage (ARC) or the Price Loss Coverage (PLC) program.

The biggest year-over-year increase in pork shipments was to mainland China, which more than doubled in 2020. Pork exports to China during 2020 accounted for nearly 30 percent of all U.S. pork exports, up from a market share of just 14 percent in 2019.

Recorded January 13, 2021 | Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed the updated corn and soybean outlook following release of USDA's January Crop Production and World Agricultural Supply and Demand (WASDE) reports.

COVID-19 and fluctuating fed cattle and feed prices resulted in another challenging year for cattle finishers. This article updates feeding cost of gain, breakeven prices, and net return estimates for 2020 and provides projections for the first half of 2021.