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!

Search

General Farm Management & Strategy

Farmer Sentiment Dips in February

Purdue ag economist James Mintert and Michael Langemeier break down the February Purdue University-CME Group Ag Economy Barometer and share some insights into the farmer sentiment dip. The Ag Economy Barometer dipped 5 points in February to a reading of 125. Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened. This month’s survey was conducted from February 13-17, 2023.

Financial Risk Management & Contingency Planning

Farming is never the same from year to year – sometimes prices are good, net farm income is high, and other times margins are tight. Planning ahead, or contingency planning for financial hardship is important for any farm operation. How to evaluate farm financials, update financial statements, analyze performance, and when borrowing makes sense.

Experience, Knowledge, & Collaboration: Why Good Managers Make an Effort to Improve

Knowledge, experience, and collaboration work hand in hand with one another to improve farm output per unit of input (i.e., productivity). Pursuit of one of these items without the others creates a disparity between farms able to survive and those that thrive in the industry. But the question arises, why do these factors play such a critical role in farm performance? This article reflects on the impact these three factors have on farm productivity and describes how each relates to management strategy.

What Farmers Are Telling Us About Their Farms & The Ag Economy

Slidedeck presentation by James Mintert given in Reynolds, Indiana as part of the White County Farm Management Workshop on February 28, 2023.

Making Your 2023 Crop Insurance Decision

Now is a great opportunity for producers to review their crop insurance choices for the upcoming season. Purdue University Center for Commercial Agriculture’s ag economists Michael Langemeier and James Mintert walk participants through key considerations for their 2023 insurance options. In particular, they discuss a handy thumb rule to use when considering an increase in coverage levels for RP insurance.

Marketing Risk Management & Contingency Planning

Product, price, place, and promotion are important in marketing to current and potential buyers. In this episode, a continuation of the Farm Risk Management podcast series, Ariana Torres, Renee Wiatt, and Jenna Nees join Brady Brewer to discuss contingency planning for marketing risk management. 

Social Media Risk Management & Contingency Planning

Farms and agribusinesses are confronted by many different types of risk in today’s market, including social media. In this third episode in the Farm Risk Management podcast series, Purdue University’s Jenna Nees, Renee Wiatt and Ariana Torres join Brady Brewer to discuss social media’s impact on businesses and how to build a contingency plan to protect your farm.

February Corn & Soybean Outlook Update

Recorded February 10 | Purdue agricultural economists Nathanael Thompson, Michael Langemeier, and James Mintert discussed the corn and soybean outlook following USDA’s February World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies.

Thinking Like A CFO for Your Farm Operation

A farm manager who thinks like a CFO can leverage balance sheet and cash flow information to develop accrual income, sources and uses of funds, and owner’s equity statements which can be used to ensure the farm is well positioned for the future. Join Purdue ag economists Michael Langemeier and James Mintert for an episode discussing why you should think like a CFO for your farm operation.

Improvement In Farmer Sentiment Carries Over Into 2023

The Purdue University-CME Group Ag Economy Barometer Index rose again in January, to a reading of 130, 4 points above its 2022 year-end index value. The January survey results also pushed the index 34% above its 2022 low point which occurred last June.

Load More