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General Farm Management & Strategy

Fall 2016 Crop Outlook

Recorded September 13, 2016 | Chris Hurt, Michael Langemeier & Jim Mintert discuss the 2016 corn & soybean price outlook and look ahead to 2017 following release of USDA’s Sept. 2016 crop production & supply/demand estimates.

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International Benchmarks for Soybean Production (2016)

This paper examined yield, gross revenue, and cost for farms with soybeans in the agri benchmark network from Argentina, Brazil, Ukraine, and United States.

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International Benchmarks for Corn Production (2016)

This paper examined yield, gross revenue, and cost for farms in the agri benchmark network from Argentina, Brazil, and the Ukraine, and the United States with corn enterprise data.

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​Putting a Value on Sweat Equity in the Farm Business

Recorded August 23, 2016 | Michael Langemeier and Purdue Extension’s Denise Schroeder discuss how to divide business income between generations on a family farm and provide a simplified approach to valuing “sweat equity” in the family farming business.

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The Family Business: Identifying A Successor

There is a large gap between a business owner’s desire for their business to continue and actually taking concrete steps to establish a plan for continuity (De Massis et al. , 2008; V enter et al. , 2005). The Family Business Succession Survey (Marshall et al., 2012) indicated that more than 55% of family businesses…

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Ag Economy Barometer

The Ag Economy Barometer will be published the first Tuesday of each month. If you are interested in learning more about the Ag Economy Barometer, visit our website, www.purdue.edu/agbarometer where you can also register for email updates when the Ag Economy Barometer is published.

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Communicating with our Consumers: What Do Pork Consumers Want? Are Agritourists More Supportive of Agriculture?

What do consumers want? Today they have quick and easy access to information from a wide breadth of sources across many subjects. This change occurred over the past two decades as technological innovations in communications exploded. The internet, smart phones and widespread use of computers revolutionized how and where people gained knowledge and shaped their…

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Strategy & Business Planning for the Progressive Farm Business

Recorded June 8, 2016 | A discussion on strategy and business planning details for your farm business.

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​Identification of Unique Resources

It is pertinent to discuss resource based theory of the firm. This theory can help explain why farms are different. In general, differences among farms are the result of differences in prices paid for inputs, the availability and ability to take advantage of niche markets, differential learning or organizational structures, or differential strengths and resource endowments.

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Stress Testing Financial Performance

Stress testing describes a range of techniques that can be used to access the vulnerability of a firm’s balance sheet and income statement to changes in prices, production, or financing. Stress testing can be an extremely useful tool when evaluating strategies for dealing with lower prices, higher costs, asset purchases, and changes in loan terms.

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