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General Farm Management & Strategy
Precision agriculture utilizes biotechnology and nutritional technology; monitoring, measuring, and information technology; and process control technology to increase resource efficiency, reduce input cost, and/or improve product value. This series of articles will discuss precision agricultural technologies, potential payoffs of using these technologies, and the capabilities and skills that will be needed to manage these technologies.
Read MoreA recent article discussed a number of automation and precision agriculture technologies that will be increasingly used in production agriculture. The adoption and use of these technologies will require additional expertise and skills of managers and the workforce on the
Read MoreRecorded April 12 | Purdue ag economists review USDA’s April Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
Read MoreThis article discussed trends in automation and robotics in the general economy, and provided examples
of using these technologies in production agriculture. Possible benefits of the adoption of automation and robotics will include reductions in costs, improvements in productivity, increases in the production of value-added products, reduced downtime and improved capacity utilization, and reductions in operating risk.
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.
Purdue 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.
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