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General Farm Management & Strategy
The 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 More about The Role of Information in Today’s Uncertain Business ClimateWho 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 More about Farm Succession: Operating AgreementsThe 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 More about Information Technology and Value CreationRecorded 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 More about March Corn & Soybean Outlook UpdateAdoption 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
Read More about Importance of New Technologies for Crop FarmingRecorded March 1, 2021 | Purdue ag economists Michael Langemeier and James Mintert provided insight into decision making on crop insurance.
Read More about 2021 Crop Insurance DecisionsFebruary’s Ag Economy Barometer changed very little compared to January, down 2 points to a reading of 165. Purdue ag economist James Mintert breaks down the results in the February 2021 Ag Economy Barometer survey.
Read More about Producers Bullish About Farmland Values Amid Strong Current ConditionsWhen it comes time to transition your farm business to the next generation, whether your farm is set up as a sole proprietor, partnership, corporation, or LLC, how your business is structured will affect many aspects. Deciding on a business entity requires much thought and advice. In this Purdue Commercial AgCast episode, our seventh in our Farm Transition Planning series, Purdue ag economist Brady Brewer and members of the Purdue Farm Transition team Kelly Heckaman and Ed Farris discuss business entities.
Read More about Farm Succession: Business EntitiesThe Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the February 2021 crop budget estimations for 2021.
Read More about 2021 Crop Cost and Return GuideRecorded February 10, 2021 | Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discuss USDA’s February Crop Production and World Agricultural Supply and Demand (WASDE) reports.
Read More about February Corn & Soybean Outlook Update