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.

Learn More

Search our entire resource library

You're viewing a specific archive. Looking for something and want to search by keyword or just take a general look at ALL our resources? Click Search below!

Finances

Farm Succession: Roadmapping Your Farm Transition

On this episode Purdue ag economist Brady Brewer along with the Purdue farm transition team Maria Marshall, Renee Wiatt, and Kyle Weaver, discuss the importance and implementation of roadmapping in your farm succession process.

Farm Succession: Financial Readiness for Succession

On this episode Purdue ag economists Brady Brewer and Michael Langemeier, along with extension educator Ed Farris discuss farm financial readiness and how it impacts succession planning. A downloadable version of The Farm’s Legacy: A Guidebook for Intra-Family Succession is available here. An audio transcript is also available below.

Trends in Working Capital

This article discusses recent trends in working capital and differences in working capital among farms, and provides working capital benchmarks. Data from USDA-ERS as well as the Center for Farm Financial Management in Minnesota is utilized.

Farm Succession: Exiting the Business In a Timely Manner

How soon should you start succession planning? What are important things to think about that need transferred? What makes a good business partner, and how can you make this decision? On this episode, Purdue ag economist Brady Brewer discusses these succession planning questions along with tips on how to accomplish this transition in your farm…

Nontraditional Lenders and their Impact on the Agricultural Credit Markets

In this episode Purdue associate professor and agricultural economist Dr. Brady Brewer along with a panel of experts discuss various aspects of the ag credit market and how nontraditional lenders are impacting the ag credit markets. The powerpoint slide are available, and the research papers referred to in this episode are linked within the slides.

Explaining Fluctuations in DDG Prices

Distiller’s dried grains (DDGs) are a co-product of dry-milled ethanol production. U.S. ethanol plants have the capacity to produce more than 17 billion gallons of ethanol and 35 million tons of DDG (Ag MRC). DDGs from corn contain, on average, 30 percent protein, 10 percent fat, and 7 percent fiber.

International Benchmarks for Wheat Production (2022)

This paper examines the competitiveness of wheat production for important international wheat production regions using 2016 to 2020 data from the agri benchmark network. Data from ten typical farms with wheat enterprise data from Argentina, Australia, Canada, Germany, Russia, Ukraine, and United States were used in this paper.

Purdue Farm Management Tour & Indiana Master Farmer Reception

The Purdue University Farm Management Tour returned in 2022 with three outstanding farms hosting visitors wanting to learn about farm and crop management on July 19 and July 20. Participants toured three of Indiana’s most innovative farms located in Tipton and Clinton counties and celebrate the 2022 Indiana Master Farmers.

Impact of Higher Corn Prices on Feeding Cost of Gain and Net Returns for Cattle Finishing

Given that the U.S. stocks to use ratio is currently only 9.6 percent and continued questions related to U.S. corn acreage in 2022, there is tremendous uncertainty regarding corn prices for the rest of this year. To address this uncertainty, this article examines the impact of relatively high corn prices on feeding cost of gain and net returns for cattle finishing.

Inflation, Interest Rates & the Cost of Farm Inputs

What really is inflation? How is it measured? What is the potential impact on consumers and the ag sector? Purdue agricultural economists Brady Brewer, Michael Langemeier, and James Mintert discuss these questions and the potential impacts of rising inflation & Fed policy on interest rates. Near the end of the conversation, they discuss the long-run relationship between inflation and farm input prices. Slides and a transcript from the discussion are available.

Center for Commercial Agriculture