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General Farm Management & Strategy

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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2017 Crop Outlook – After USDA’s Crop Acreage Report

Recorded July 3, 2017 | Purdue ag economists Chris Hurt & David Widmar discuss implications of USDA’s June 30 Acreage report on the outlook for corn and soybeans.

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Introducing PIFF: The Purdue Initiative for Family Firms!

The Purdue Initiative for Family Firms (PIFF) is a new program housed in the Department of Agricultural Economics. PIFF is an integrated research, outreach, and teaching program.

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Assessing and Managing Strategic Risk

Managing both operational risk and strategic risk is important in today’s production agriculture environment.

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Transferring Farm Machinery Through a Lease Agreement

There are numerous methods to transfer the ownership of farm machinery. Lease agreements often lower the cash flow requirements of the younger generation.

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Transferring Business Management

Transferring business management between generations is one of the most critical steps in transitioning the business from an older generation to a younger generation.

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Spring 2017 Crop Outlook – After USDA’s Planting Intentions Report​​​

Recorded April 3, 2017 | Chris Hurt, Michael Langemeier and James Mintert discuss the crop outlook which includes updated information from USDA’s March 31 Grain Stocks and Prospective Plantings reports.

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