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Crops

Becoming a “Best in Class” Farm

Corn Belt agriculture is in the midst of transitioning from one of the most profitable periods on record to what could be an extended period of tight margins for most corn and soybean operations. Now that the 2015 planting season is drawing to a close, you should take time to reevaluate your farming operation and consider how you can make sure your farm is strategically positioned to be a “best in class” operation in the years ahead. Doing so will help ensure that your farm will thrive, not just survive, in an era of tight operating margins.

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Crop Outlook and Management Strategy​​

Recorded July 1, 2015 | A review of the fundamental drivers of crop prices and updated management recommendations in light of shifting crop conditions.

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Clues to Future Crop Economics From the Past

U.S. and global crop agriculture seems to be in a downward transition from record high economic activity during 2010 to 2013. Not surprisingly, the current downward adjustments are likely just a portion of a longer run cycle.

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It’s Not Just About Costs per Acre, Even in Tight Times

The current climate of low crop commodity prices is squeezing margins. Some margins might even be negative if crop producers continue with current costs. As a result, crop producers might focus more intensely than usual on managing costs of production.

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Spring 2015 Crop ​​​Outlook

Recorded April 1, 2015 | Corn and soybean crop price outlook for 2015. A review of the updated crop outlook, following the release of USDA’s March Prospective Plantings and Grain Stocks reports, and discuss marketing strategies for the 2014 and 2015 crops.​

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2015 Crop Insurance Decisions

Recorded March 2, 2015 | A review and analyst of 2015 crop insurance choices. Included are a review of the “natural hedge’, available crop insurance products, 2015 price guarantees, coverage levels, and a case farm that illustrates cost of various insurance products in White Co. Indiana.

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2015 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 the March 2015 crop budget estimations.

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Comparison of Crop Insurance Products

Crop insurance can be an effective tool to mitigate downside risk on crop farms. As with last year’s crops, in 2015 there are several crop insurance products to choose from in Indiana. The two major categories of policies insure against production losses and revenue losses, respectively.

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Crop Insurance Guarantees

Crop insurance can be an effective tool to mitigate downside risk on crop farms. As with last year’s crops, in 2015 there are several crop insurance products to choose from in Indiana.

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How Do You Win In Tough​ Times?

Recorded January 23, 2015 | ​Management strategies that you can put in place now to help your farm deal with the pressure of low profitability in the crop sector. Purdue Economists Michael Langemeier and Jim Mintert discuss the “Best in Class” strategies which will help position your farm for success now and in the years ahead.​

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