Search our entire resource library

You're viewing a specific archive. Looking for something and want to search by keyword or just take a general look at ALL our resources? Click Search below!

Search

General Farm Management & Strategy

Purdue Farm Management Tour 2023 Recap

The Purdue Farm Management Tour was held on July 11th at the Hackman Family Farm Market and Rowland Farm in Southern Indiana. Over 200 Tour participants learned about the innovative paths these two farm operations took to incorporate the next generation into their family’s business. View photos from the event now.

Read More

Benchmarking Crop Machinery Cost and Investment

The continued increase in size of tractors, combines, and other machinery has enabled farms to operate more acres and reduce labor use per acre. However, this increase in machinery size also makes it increasingly important to evaluate the efficient use of machinery.

Read More

Farmer Sentiment Rebounds on More Optimistic View of Future

Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the June 2023 Purdue University-CME Group Ag Economy Barometer survey. Farmer sentiment rebounded in June as the Purdue University-CME Group Ag Economy Barometer rose 17 points to a reading of 121. This month’s survey was conducted from June 12-16, 2023.

Read More

2023 Purdue Farm Management Tour Prelude: Rowland Farms

Greg and Jacob Rowland discuss their family’s farm operation near Campbellsburg, Indiana with Purdue’s James Mintert. Rowland Farms has been in operation since the late 1930’s and will be featured as part of the Purdue Farm Management Tour on July 11, 2023 in Washington county, Indiana.

Read More

2023 Purdue Farm Management Tour Prelude: Hackman Family Farm Market

Megan Vanliew and Jacquelyn Jansinski, daughters of Tom & Ruth Hackman, discuss their roles on the Hackman family’s farm near Vallonia, Indiana with James Mintert. Hackman Family Farm Market is a diversified farm operation and will be featured as part of the Purdue Farm Management Tour on July 11, 2023.

Read More

Resilience to Strategic Risk

Off-the-shelf strategic risk management tools remain unavailable for farmers (unlike availability of forward pricing commodities, hedging commodities using futures and/or options, locking in input prices, etc., for financial, marketing, and production risk), furthering the misconception that strategic risks are “unmanageable”. Strategic risk management requires a more deliberate approach (i.e., enhancing farm agility and absorption capacity). Results presented in this article reveal how resilience to strategic risk relates to future growth expectations, optimism on the state of the agricultural economy, use of management practices, and financial performance.

Read More

Farmer Sentiment Sours as Crop Prices Decline

Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the May 2023 Purdue University-CME Group Ag Economy Barometer survey. Producer sentiment fell to its weakest reading since July 2022, as the Purdue University-CME Group Ag Economy Barometer Index declined 19 points to a reading of 104 in May. This month’s survey was conducted from May 15-19, 2023.

Read More

Contingency Planning with Cash Flow Shortages

Contingency plans related to how to respond to changes in projected cash flows are also important. Given the expected drop in crop prices this fall, it would be prudent for a farm to examine the sensitivity of their cash flow and repayment capacity to changes in crop prices.

Read More

What Does the Federal Fund Rate Increases at May FOMC Meeting Mean?

During the May 3rd Federal Open Market Committee (FOMC) meeting, the FOMC voting members raised the Federal Funds Rate by another 25 basis points; making the target Federal Funds Rate between 5% and 5.25%. This Federal Reserve has consistently increased the Federal Funds Rate during each FOMC meeting for over a year.

Read More

Why is Managing Strategic Risk So Important in Production Agriculture?

Strategic risk is difficult to quantify.  Despite this fact, it is important to prepare risks impacting U.S. farms and build resilience.

Read More
Load More