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.

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General Farm Management & Strategy

What are my Options to Grow?

Farms have numerous options that can be explored when examining farm growth and downsizing decisions. When evaluating alternatives, it is important to gauge the impact of each alternative on net returns, risk, and the farm’s resource base.

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Fall 2017 Crop Outlook & Marketing Strategies

Recorded October 13, 2017 | Purdue ag economists Chris Hurt and Jim Mintert discuss the corn & soybean outlook, and marketing strategies to consider, following release of USDA’s Oct. 2017 Crop Production & WASDE reports.

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Drivers of Consolidation and Structural Change in Production Agriculture

The production agricultural sector has historically been much more fragmented than other stages of the food and agricultural industry, but it has been transitioning for decades from modest size, independent businesses to increasingly larger scale businesses that are more tightly aligned across the value chain. This article examines the key drivers that are likely to influence further consolidation and structural change in the next few years, and discusses the implications of the key drivers on agribusinesses.

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Managing Risk: A Conversation with Kirkpatrick Farms

Kirkpatrick Farm operators, Bryan and Susan Kirkpatrick along with their daughter, Andrea, raise food-grade corn and seed soybeans with an emphasis on improving the productivity of their land.

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Managing Risk: A Conversation with Scott Farms

Scott Farms is a diversified crop farm. Operators include Brian, John, and Robert. Crops produced include corn, waxy corn, popcorn, soybeans, and seed soybeans.

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Managing Risk: A Conversation with Mylet Farms

The Mylet farm is operated by Tom and Neal Mylet (fifth and sixth generations of the Mylet family) along with input from several other family members. The farm has been in their family for more than 150 years.

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Managing Risk: A Conversation with Maple Farms

Maple Farms is a family partnership, with three generations of the family actively involved in the farm since 1975. Maple Farms primarily grows food-grade corn and seed soybeans.

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Managerial Experience and Competitive Advantage

One of the ways a farm can gauge whether it has a long-term competitive advantage is to identify resources unique to the farm. To survive in the short-run, farms have to be able to exploit key resources.

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Does Your Farm Need to Expand?

There are numerous motivations for farms to expand their businesses. Even in today’s environment of tight margins, many farms are exploring expansion options.

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Evaluating Strategic Options

Sound strategic planning requires assessing strategic risk, which involves the sensitivity of a farm’s strategic direction, and the ultimate vulnerability and sustainability of the farm to uncertainties in the business climate.

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