Recorded March 11 | Purdue ag economists review USDA’s March World Agricultural Supply and Demand Estimates (WASDE) report.

Managing risk is always important, but especially so this year. This episode of the Purdue Commercial AgCast is a great opportunity for producers to review their crop insurance choices for the upcoming season.

This paper examines the competitiveness of corn production for important international corn regions using 2016 to 2020 data from the agri benchmark network. The agri benchmark network collects data on beef, cash crops, dairy, pigs and poultry, horticulture, and organic products. There were 16 countries with corn data for 2020 represented in the cash crop network.

Russia’s invasion of Ukraine in late February disrupted world supplies of several key agricultural commodities, including corn. Some readers were likely surprised to learn that Ukraine is an important supplier of corn to the world.

The Purdue University-CME Group Ag Economy Barometer rose 6 points in February to 125, matching the sentiment index’s reading from December. This month’s survey was conducted from February 14-18 2022, which was just prior to Russia’s invasion of Ukraine.

Michael Langemeier presented on Farm Bill and Crop Insurance Options for 2022 in Shelby county. ARC-IC, ARC-CO, and PLC farm bill program options, as well as RP, SCO, and ECO insurance products were discussed.

Exports of U.S. pork to all destinations in 2021 declined modestly (3%) when compared to 2020, but export volume in 2021 was still the second largest on record. U.S. pork production declined 2% in 2021 to 27.7 billion pounds so pork exports, at just over 7 billion pounds, equated to 25% of U.S. pork production.

Recorded February 10 | Purdue ag economists review USDA’s February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

Labor costs are one of the most prevalent costs on a farm. As such, farm managers need to evaluate whether they are utilizing labor efficiently and productively. One way to evaluate this issue is to use benchmarks created using data from similar farms.

Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to 119, down from 125 a month earlier. This month’s decline leaves the barometer just three points higher than in November and is the second-lowest sentiment reading since July 2020.

Michael Langemeier presented Incorporating Conservation Provisions into Crop Leases at the Great Lake Crops Summit in Mt. Pleasant, Michigan.

Center director and Purdue ag economist James Mintert speaks with Eric Atkinson, host of K-State’s Agriculture Today radio program, about what we’ve learned from conducting Ag Economy Barometer surveys since October 2015.

Recorded January 14 | Purdue ag economists review USDA’s January Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.