Farm Management Tour: July 17, 2024

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.

July 8, 2019

Providing Reports for Crop Landowners

Communicating with landlords is crucial for tenants regardless of the type of lease that is utilized.  It is prudent for a tenant to provide updates of crop conditions throughout the year and make sure that crop shares and possible bonuses emanating from flexible cash leases are understood by both parties.  This article discusses how to effectively communicate through timely reports and the importance of providing an end of the year report.

Many landowners, particularly those that have farmed the ground in the past or grew up on the farm, have interest in what is going on during the growing season.  Landlord reports could include a description of what was planted, how the crops are developing, rainfall, and photos of the crop.  For a crop-share lease, it is important to keep the accounting of the expenses current.  Explain each item on their bill and make sure the landowners understand each expense.  It is often important for landowners to be able to classify each expense (e.g., seed, fertilizer, pesticide) for income tax purposes.  Also, landowners often need information pertaining to historical crop yields so they can make crop insurance decisions.  For flexible cash leases, it is important to provide potential yield and price information to landowners so they have a feel for whether they may or may not receive a bonus.  Of course, landowners should have a detailed explanation as to how base case rents and bonuses are computed.

We encourage tenants to provide an end of the year report to each landowner.  This report should include at least the following information: crops planted, crop yields by field or tract, production notes (including challenges), land issues (e.g., drainage problems), and plans for next year.  For crop share leases, a detailed summary of shares should be included.  For flexible cash leases, components of the rent formula (i.e., crop yields and prices) should be included.




Managing Strategic Risks on Your Farm

May 24, 2024

Purdue University’s Center for Commercial Agriculture recorded a series of short podcasts and accompanying videos to help agricultural producers improve their strategic risk management skills. Farms are exposed to strategic risks that are caused by a wide variety of unanticipated shocks to the operating environment ranging from government policy shifts to disease outbreaks.


Key Resources

May 24, 2024

Advancements in production agriculture continue to accelerate making the business environment more complex and creating a significant need for a forward-thinking mindset. Develop an integrated risk management approach and build a strategic plan now.


Farm Resilience, Management Practices, and Producer Sentiment: Segmenting U.S. Farms Using Machine Learning Algorithms

April 4, 2024

Margaret Lippsmeyer, Michael Langemeier, James Mintert, and Nathan Thompson segment U.S. farms by farm resilience, management practices, and producer sentiment. This paper was presented at the Southern Agricultural Economics Meeting in Atlanta, Georgia in February. 



Purdue Farm Management Tour & Indiana Master Farmer Reception 2024

Two outstanding farms in east-central Indiana will host visitors wanting to learn about farm and crop management on July 17th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.

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2024 Crop Cost and Return Guide

November 22, 2023

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the March 2024 crop budget estimations for 2024.


(Part 2) Indiana Farmland Cash Rental Rates 2023 Update

August 7, 2023

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss cash rental rates for Indiana farmland in this, the second of two AgCast episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results.


(Part 1) Indiana Farmland Values 2023 Update

August 6, 2023

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss Indiana farmland values on this, the first of two AgCast episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana’s farmland and cash rental market.