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General Farm Management & Strategy
Utilizing key performance indicators is an important ingredient in creating an environment that stresses continuous improvement.
Read More about Assessing Financial Management SkillsSince March 2018 there have been more job openings in the U.S. economy than there are people searching for work. The limit on job growth is the availability of potential employees, not job opportunities. The U.S. economy has reached capacity.
Read More about U.S. Economy Near Capacity Slows Growth PotentialProductivity growth is a function of changes in input use, technical change, and technical efficiency change.
Read More about Assessing Production Management SkillsRecorded September 13, 2018 | Updated corn and soybean outlook following the release of USDA’s Crop Production and WASDE reports.
Read More about Fall 2018 Crop OutlookLabor efficiency and productivity can be improved by examining per unit costs among inputs and making appropriate adjustments to a farm’s input mix.
Read More about How Can I Improve Labor Productivity?Benchmarking is an important component to a continuous improvement program.
Read More about What Should My Farm Benchmark?Recorded August 22, 2018 | Purdue Ag Economists discuss marketing strategies for 2018 corn and soybean crops and provide updated farmland value and cash rent information.
Read More about Managing Your Farm in Challenging TimesExamine the competitiveness of wheat production for important international wheat regions using 2013 to 2016 data from the agri benchmark network.
Read More about International Benchmarks for Wheat Production (2018)Recorded July 3, 2018 | Corn & soybean outlook focused on updated trade tariff information, along with information from USDA’s June 30th Acreage & Grain Stocks reports.
Read More about 2018 Crop OutlookAn early lesson in economics is that commodity markets, and the prices they help generate, send signals to producers of how much to produce, what to produce, and when to produce. A good illustration are the signals sent to the world’s grain producers during the recent boom-moderation cycle that all farmers are familiar with.
Read More about The Role of Grain Markets in the Boom-Moderation Cycle