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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General Farm Management & Strategy
The Ag Economy Barometer rose in March to 177, the highest reading for the barometer since the record high reading of 184 in October. Strong ag commodity prices and improved farm financial conditions continue to support the Ag Economy Barometer readings as we head into spring.
Read MoreThis article discussed the possible payoffs for the agricultural producer, for the value chain, and for the
environment associated with the further adoption of precision agriculture. As we develop technologies
and tools to expand the toolkit for precision farming and digitization systems and platforms to enhance
farmer’s profit margins as well as create value for the value chain and society as a whole, the farming
sector will be increasingly transformed from “growing stuff” to biological manufacturing.
February 1-4, 2022 | Fort Worth, Texas
Read MorePurdue ag economists James Mintert, Nathanael Thompson, and Michael Langemeier focus on the corn and soybean outlook in light of USDA’s March Prospective Plantings and Grain Stocks reports.
Read MoreThis article discussed the adoption of precision agriculture technologies. Adoption rates have been very high during the last ten years, and given the increased venture capital devoted to developing these technologies is likely to continue at an accelerated pace.
Read MoreThe increasing role that knowledge and information play in obtaining control of resources, increasing profits, and reducing risk in farming is occurring for two fundamental reasons. The first reason is the dramatic growth in knowledge and information of the chemical, biological, and physical processes involved in agricultural production.
Read MoreWho can join the farm? And how? What terms are set on compensation if equity and contributions aren’t equal? In this episode, our eighth in our Farm Transition Planning series, Purdue ag economists Brady Brewer and Michael Langemeier discuss agreements that are important in a farm business with Purdue Farm Transition team member Ed Farris. They talk operating agreements and common provisions, as well as buy/sell agreements.
Read MoreThe use of information technology systems or digital technology has evolved through a number of stages over the last two to three decades. During the 1990s, it was recognized that more accurate and timely data could be used to make better decisions.
Read MoreRecorded March 10 | Purdue ag economists reviewed USDA’s March Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and provided implications for the upcoming crop year.
Read MoreAdoption of technology has been important to production agriculture for decades. Through the adoption of technology and improved managerial practices, aggregate agricultural U.S. farm output in the United States tripled from 1948 to 2017 with almost no corresponding increase in aggregate input (USDA-ERS, 2021). For reasons explained below, the adoption of technology in production agriculture…
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