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General Farm Management & Strategy

How Do You Win In Tough​ Times?

Recorded January 23, 2015 | ​Management strategies that you can put in place now to help your farm deal with the pressure of low profitability in the crop sector. Purdue Economists Michael Langemeier and Jim Mintert discuss the “Best in Class” strategies which will help position your farm for success now and in the years ahead.​

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What is Risk and Uncertainty

This article, the first in a series of articles, discusses the distinctions between risk and uncertainty. This distinction is very important when deciding the appropriate tools and strategies to use to cope with risk and uncertainty

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3 Ways to Manage Risk in Your Farm Business

Most people working in agriculture are in the business of commodity. And in the long run, in a commodity business, there is one absolute key to success. It’s pretty straightforward: be a low-cost producer. It can be difficult to make it happen, but necessary, especially in today’s volatile financial climate.

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The Great Margin Squeeze: Strategies for Managing Through the Cycle

After many years of high commodity prices and strong profitability, the landscape in the row-crop sector has shifted dramatically. Today, farmers are facing a substantial margin squeeze. Purdue’s early estimates of the 2015 budget for operations on average-quality Indiana farmland projected a loss ranging from $156 to $317 per acre.

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Managing Your Farm In An Economic Downturn

Recorded December 18, 2015 | A discussion of strategies farmers can use to successfully manage their farm during the current economic downturn in crop agriculture.

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Changing Business Climate for Agriculture and the Outlook for 2015​​​​

Recorded December 5, 2014 | The panelists outline drivers of this changing business climate and discuss strategies farms can put in place to help manage the downturn in crop agriculture and the upswing in animal agriculture.

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Farm Bill Choi​ces​

Recorded December 5, 2014 | A discussion of farm program choices that farmers and landowners need to make in early 2015. Programs discussed include ARC-County, PLC, and ARC-Individual, as well as base acreage reallocation and yield updating.

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Corn Drying and Shrink Comparison

Iowa State University offers corn producers resources to help weigh potential delayed harvest and/or result in additional field losses due to drier stalks and ears against potential drying charges and/or discounts.

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Managing Your Farm Business during an Economic Downturn

Prices for corn, soybeans, and wheat have all declined precipitously since the drought induced peaks of 2012. Bumper crops in 2013 and 2014 pushed crop agriculture from a tight supply/demand balance, and record high prices, to a situation where attention is now focused on crop surpluses and declining prices.

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Comparison of Drying Systems

Use Iowa State University’s spreadsheet decision tool to compare total drying cost per bushel based on the type of drying system and price inputs.

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