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
Agricultural producers’ sentiment declined for the second month in a row during September as the Purdue University-CME Group Ag Economy Barometer fell 9 points to a reading of 106. This month’s Ag Economy Barometer survey was conducted from September 11-15, 2023.
Read MoreSurvey of U.S. farmers reveals how absorption capacity drives farm growth and resilience. Respondents were asked if they had low per unit fixed costs, a diversified enterprise mix, and a strong balance sheet.
Read MoreJoin us in this Purdue Commercial AgCast episode as we dive into the latest USDA farm income forecast released in August 2023. Discover the factors behind a notable 23% drop in net farm income and gain insights into the impact on various commodities, from corn and soybeans to wheat, and even cow-calf operations.
Read MoreFarms with succession plans tend to use financial ratios and standard operating procedures, evaluate crop pricing performance, operate larger farms, are more resilient to strategic risk, and their operators are more highly educated. Overall, farms that employ better management practices tend to have greater implementation of succession plans.
Read MorePurdue ag economists James Mintert and Michael Langemeier share some insight into the results of the August 2023 Purdue University-CME Group Ag Economy Barometer survey. Producer sentiment was notably lower in August, as the Purdue University/CME Group Ag Economy Barometer index dipped 8 points to a reading of 115. This month’s Ag Economy Barometer survey was conducted from August 14-18, 2023.
Read MoreComparing crop yields, gross revenue, total expense, and net returns for conventional and organic alfalfa, corn, oats, soybeans, and winter wheat using FINBIN data.
Read MoreMichael Langemeier introduced the types of leases (cash rent, flex rent, and share rent) and discussed the advantages and disadvantages of each leasing arrangement during the August 2, 2023 Side By Side Digital Webinar. A comparison with risk/return tradeoffs between lease types was also included in the webinar discussion.
Read MoreThis article identified the optimal portfolio of corn and soybean marketing strategies for a case farm in southeast Indiana. The hedge and roll strategy had the highest net return per acre, and the lowest level of downside risk of any of the individual marketing strategies. However, downside risk can be reduced by diversifying marketing strategies. In particular, combining the hedge and roll strategy with the marketing year cash price strategy was effective in reducing downside risk and resulted in only a slight decline in net return per acre.
Read MorePurdue ag economists James Mintert and Michael Langemeier share some insight into the results of the July 2023 Purdue University-CME Group Ag Economy Barometer survey. Agricultural producer sentiment improved slightly in July as the Purdue University-CME Group Ag Economy Barometer rose two points above its June reading to an index value of 123. This month’s survey was conducted from July 10-14, 2023.
Read MoreWhile there have been numerous studies or articles that have evaluated grain marketing and crop insurance strategies separately, there is limited previous literature that examines these tools simultaneously. The purpose of this article is to identify which strategies contribute to an optimal portfolio of soybean marketing strategies for a case farm in southeast Indiana using a downside risk model.
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