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2017 Indiana Farm Custom Rates
The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana.
May 8, 2017
2017 Gross Revenue Scenarios for Soybeans
Soybean production margins have been tight since 2014 and are likely to remain tight in 2017. In this environment, it is natural to think about possible gross revenues for soybeans in 2017.
2017 Gross Revenue Scenarios for Corn
Crop margins have been extremely tight since 2014 and are likely to remain tight for in 2017. In this environment, it is natural to think about possible gross revenues for corn in 2017.
NAFTA Trade is Important for Meat Industry
The 2016 election cycle created a lot of confusion about the importance and benefits of trade in general. In particular, a good bit of the election year rhetoric focused on trade within the NAFTA trade bloc (U.S., Canada and Mexico).
May 6, 2017
Relationship between Cash Rent and Net Return to Land
This article examines the relationship between cash rent and net return to land for Indiana, and attempts to answer this question.
April 21, 2017
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Contribution Margins for Corn/Soybean Rotation
The contribution margin for an enterprise is defined as the difference between market revenue and total variable cost. Fertilizer, seed, pesticides, dryer fuel, machinery fuel, machinery repairs, hauling, interest, insurance, and miscellaneous cost are typically included in total variable cost.
April 8, 2017
Pork Industry Favored by Strong Demand
Prices will be supported by stronger demand because of a growing U.S. economy and by a robust eight percent growth in exports as projected by USDA.
April 6, 2017
Transferring Farm Machinery Through a Lease Agreement
There are numerous methods to transfer the ownership of farm machinery. Lease agreements often lower the cash flow requirements of the younger generation.
April 3, 2017
Transferring Business Management
Transferring business management between generations is one of the most critical steps in transitioning the business from an older generation to a younger generation.
Spring 2017 Crop Outlook – After USDA’s Planting Intentions Report
Recorded April 3, 2017 | Chris Hurt, Michael Langemeier and James Mintert discuss the crop outlook which includes updated information from USDA’s March 31 Grain Stocks and Prospective Plantings reports.
How Should Business Income be Divided?
A model described that can be used to divide farm business income and provided an illustration of how this model could be used in practice.
March 23, 2017
Should Sweat Equity be Used to Compensate a Returning Family Member?
Sweat equity may arise when an on-farm heir is paid less than their true opportunity cost to work for the business and/or the business has grown substantially due to the abilities and efforts of the on-farm heir.
March 8, 2017
Net Return Prospects for Cattle Finishing in 2017
This article discusses recent trends in feeding cost of gain, the feeder to fed price ratio, and cattle finishing net returns. Current breakeven and fed cattle price projections create an environment that is at a minimum cautiously optimistic.
March 2, 2017
2017 Crop Cost and Return Guide
The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are Purdue University’s March 2017 crop budget estimations as prepared by faculty from Agricultural Economics, Agronomy, and Botany and Plant Pathology.
March 1, 2017
Making Your 2017 Crop Insurance Choices
Recorded February 28, 2017 | James Mintert and Michael Langemeier discuss some of the key issues facing crop producers as they make their 2017 crop insurance decisions.
February 28, 2017
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2016 Rents for Indiana Pasture Land, Irrigated Farmland, Hay Ground, and On-Farm Grain Storage
Estimates for the rental value of irrigated farmland, pasture land, hay ground, and on-farm grain storage in Indiana are often difficult to locate. For the past several years, questions about these items have been included in the Purdue Farmland Value Survey.
February 15, 2017