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.

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Crops

Soybeans Pay Bills With Friendly Price Tone

Soybeans have generally been superior to corn in paying the bills in recent years. Yields have been strong and the opportunity to sometimes price at $10 a bushel or higher has provided strong revenue, plus direct costs for beans are much lower than for corn.

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Corn Prices Depressed by Large Inventory

National corn yields were at record high levels of 175.4 bushels per acre according to USDA. U.S. corn yields have set new records in three of the past four years.

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Fall 2017 Crop Outlook & Marketing Strategies

Recorded October 13, 2017 | Purdue ag economists Chris Hurt and Jim Mintert discuss the corn & soybean outlook, and marketing strategies to consider, following release of USDA’s Oct. 2017 Crop Production & WASDE reports.

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Farm Machinery Costs and Custom Rates

This article compares machinery costs per acre for a case farm to custom rates associated with a field cultivation operation and a self-propelled sprayer operation.

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Hay Ground, and On-Farm Grain Storage Rent

Estimates for the current rental value of pasture land, hay ground, and on-farm grain storage in Indiana are often difficult to locate.

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2017 Crop Outlook – After USDA’s Crop Acreage Report

Recorded July 3, 2017 | Purdue ag economists Chris Hurt & David Widmar discuss implications of USDA’s June 30 Acreage report on the outlook for corn and soybeans.

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Corn and Soybean Storage Returns in a Wild Decade

Given the wide price swings of the past decade what was the impact on storage returns? In an attempt to answer that question this article will estimate the speculative storage returns by year, and on average, over the past decade for a central Indiana farm.

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Prevented Planting and Replant Decisions

With corn and soybean planting in the Eastern Corn Belt behind schedule, many farmers are dealing with prevented planting and replant decisions. In response, we have put together materials pertaining to these decisions.

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Crop Insurance Product Comparisons

This article examines the relative attractiveness of the various crop insurance products for a case farm in west central Indiana. The discussion below focuses on individual products rather than area products.

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Using Enterprise Budgets to Compute Crop Breakeven Prices

Enterprise budgets are often one of the building blocks to creating a whole-farm plan.

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