Purdue Commercial AgCast

Purdue Center for Commercial Agriculture

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Farm management news and advice for top agricultural producers from ag economists at Purdue University’s Center for Commercial Agriculture.

Ag Barometer Insights: February 2025 Survey Results

U.S. farmer sentiment continued its upward trend in February, as the Purdue University/CME Group Ag Economy Barometer rose 11 points from the previous month to a reading of 152. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the February 2025 Ag Economy Barometer survey, conducted from February 10-14, in this episode of the Purdue Commercial AgCast. They discuss factors driving the rise in producer sentiment, such as higher corn and soybean price

Mar 4, • 13:47

Ag Barometer Insights: January 2025 Survey Results

U.S. farmers retained their post-election optimistic outlook at the start of the new year as the January Purdue University-CME Group Ag Economy Barometer Index rose 5 points above a month earlier to a reading of 141. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the January 2025 Ag Economy Barometer survey, conducted from January 13-17, in this episode of the Purdue Commercial AgCast. They discuss improvements in farmer sentiment, the impact of

Feb 4, • 23:32

Ag Barometer Insights: December 2024 Survey Results

Farmer sentiment drifted lower in December as the Purdue University/CME Group Ag Economy Barometer dropped 9 points to a reading of 136. The decline was driven by producers’ weaker perspective on current conditions in U.S. agriculture and their farms, with the Index of Current Conditions falling 13 points to 100. Although the Current Conditions Index declined this month, it remains 24 points above its low in September and 5 points higher than in October. The Index of Future Expectations also fel

Jan 7, • 19:04

Ag Innovation & Policy Direction: A Preview of Upcoming Purdue Top Farmer Conference

This special edition of the Purdue Commercial AgCast features Matt Erickson, policy specialist at Farm Credit Services of America, and Chad Fiechter, research director at Purdue's Center for Commercial Agriculture. They discuss their upcoming presentations at the Purdue Top Farmer Conference on January 10th. Erickson highlights the economic and policy issues under the new administration, including the impact of inflation, tariffs, and the farm bill. Fiechter introduces a new AI-powered app desig

Dec 11, 2024 • 10:41

Ag Barometer Insights: November 2024 Survey Results

Farmer sentiment jumped again in November, with the Purdue University/CME Group Ag Economy Barometer climbing 30 points to a reading of 145. This marked the highest level of farmer optimism since May 2021. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the November 2024 Ag Economy Barometer survey, conducted Nov. 11-15, 2024, the week following the U.S. presidential election. Both of the barometer's sub-indices increased in November. The Future E

Dec 3, 2024 • 15:09

Ag Barometer Insights: October 2024 Survey Results

Farmer sentiment saw an unexpected surge in October ahead of the upcoming U.S. election, according to the latest Purdue University/CME Group Ag Economy Barometer. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the October 2024 Ag Economy Barometer survey, conducted from Oct. 14-18, 2024. The Barometer Index rose 27 points to 115, with increases in both the Current Condition Index and the Future Expectation Index. Key insights include farmers' imp

Nov 5, 2024 • 18:16

Flexible vs. Fixed Cash Rent Farmland Leases

Join Purdue ag economists Michael Langemeier, Todd Kuethe, and James Mintert as they discuss farmland rental agreements, with a focus on flexible cash rent leases versus traditional cash rental and crop share arrangements. They combine their comparison of  cropland flex leases to cash rental agreements with insights from the 2024 Purdue Farmland and Cash Rental Rate Survey. The discussion covers cash rental trends in west central Indiana, the economic factors influencing changes in rental rates,

Oct 25, 2024 • 32:15

Exploring the Organic Grain Industry: Challenges and Opportunities

In this episode of the Purdue Commercial AgCast, Chad Fiechter hosts Michael O'Donnell, a regional manager at Belltown Farms, who focusing on converting conventional farms to organic. The discussion highlights Belltown's operations across multiple states, emphasizing organic grain production. The conversation covers the strategies and challenges of transitioning conventional farms to organic production, the state of organic grain markets, and the impact of consumer trends on organic agriculture.

Oct 18, 2024 • 23:20

Ag Barometer Insights: September 2024 Survey Results

In September, the Purdue University/CME Group Ag Economy Barometer recorded its lowest readings since March 2016. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the September 2024 Ag Economy Barometer survey, conducted from Sept. 9-13, 2024. This month, the Ag Economy Barometer fell 12 points to 88, marking significant concerns among producers, especially crop farmers. The discussion highlights shifts in sentiment, the impact of input costs, decl

Oct 1, 2024 • 20:30

(Part 2) 2024 Indiana Cash Rent Trends

Join Purdue ag economists Todd Kuethe, Michael Langemeier and James Mintert as they discuss farmland cash rental rates on this, the second episode of two episodes reviewing the 2024 Purdue Farmland Values and Cash Rents Survey results. Each June, Purdue's department of agricultural economics surveys knowledgeable professionals regarding Indiana's farmland and cash rental market. The trio of ag economists review survey results and long-term trends in Indiana cash rental rates, including an examin

Sep 26, 2024 • 31:36

(Part 1) 2024 Indiana Farmland Values & Market Trends

Join Purdue ag economists Todd Kuethe, Michael Langemeier and James Mintert as they discuss Indiana farmland values on this, the first of two episodes reviewing the 2024 Purdue Farmland Values and Cash Rents Survey results. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana's farmland and cash rental market. The 2024 survey results confirmed that the average value for Indiana farmland hit a new record high this summer. A number of forces, su

Sep 11, 2024 • 51:05

Ag Barometer Insights: August 2024 Survey Results

The August Purdue University/CME Group Ag Economy Barometer dropped 13 points from July to a reading of 100, echoing levels seen from fall 2015 to winter 2016 during the early stages of a significant downturn in the U.S. farm economy. The Index of Current Conditions also dropped 17 points to 83, while the Index of Future Expectations decreased by 11 points to 108. Weakening farm income prospects weighed on farmers’ sentiment as the outlook for a bountiful fall harvest was more than offset by

Sep 3, 2024 • 20:02

Understanding Generational Differences Within A Family Business

Is your farm business prepared for the future? Maria Marshall and Renee Wiatt join host Brady Brewer in this episode to discuss how the many generations of family engaged in a family business interact with one another. One of the challenges in a family business is understanding the differences in generational perspectives on the business and possible succession. This episode reviews results from a recent survey conducted across the Midwest which examines generational differences within farm fami

Aug 9, 2024 • 17:47

Ag Barometer Insights: July 2024 Survey Results

Three broad-based measures of farmer sentiment improved in July as the Purdue University/CME Group Ag Economy Barometer Index rose 8 points to 113, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier. Despite declines in corn and soybean prices, Eastern Corn Belt cash prices went down 11% and 5%, respectively, from mid-June to mid-July, farmer sentiment improved in July. This month's Ag Economy Barome

Aug 6, 2024 • 18:21

Agricultural Jobs & Labor Update

Labor availability and labor retention are big issues in the U.S. economy and that's especially true for agribusiness firms and for commercial scale farm operations. According to the latest Purdue Agricultural Job Market Report, job postings are up by 50%. More employers are seeking entry-level candidates with higher levels of education. Additionally, it has become more common for employers to include salary information in their job postings as a way to encourage applications. In this episode, h

Aug 2, 2024 • 18:21

Ag Barometer Insights: June 2024 Survey Results

Farmer sentiment drifted downward in June as the Purdue University/CME Group Ag Economy Barometer reading of 105 was 3 points lower than a month earlier. The overall decline in sentiment was due to a five-point drop in the Index of Future Expectations, which fell to 112, while the June Current Conditions Index increased to 90, 1 point higher than the May index. High input costs, the risk of lower prices for their products, and rising interest rates continue to weigh on farmer sentiment. This mon

Jul 2, 2024 • 30:32

Farm Retirement & Succession Preparedness

In this episode of the Purdue Commercial AgCast, host Brady Brewer is joined by Dr. Maria Marshall and Renee Wiatt to explore the crucial topic of farm succession planning and retirement preparedness. They discuss the findings of a recent survey conducted across the Midwest, examining the readiness of farm families to transition their businesses to the next generation. The conversation highlights the challenges and emotional complexities involved, emphasizing the importance of early planning and

Jun 25, 2024 • 23:18

Improving Your Strategic Risk Plan

In the third episode of the strategic risk series, the Purdue University Center for Commercial Agriculture's team of ag economists, James Mintert, Michael Langemeier, and Brady Brewer discuss the tradeoff between improving efficiency and resilience of the farm business. This episode provides a series of questions you can use to help evaluate tradeoffs on your farm. The discussion concludes with five key managerial levers you can focus on when thinking about efficiency and resilience. Podcast pro

Jun 7, 2024 • 36:40

Ag Barometer Insights: May 2024 Survey Results

U.S. farmers’ outlook improved in May as the Purdue University/CME Group Ag Economy Barometer index rose to 108, marking a 9-point increase from April. Both of the barometer’s subindices saw increases, with the Index of Future Expectations climbing 11 points to 117 and the Current Conditions Index rising 6 points. The rise in crop prices played a role in boosting farmer sentiment this month. By mid-May, Eastern Corn Belt cash corn prices had increased by 6% to 7%, and soybean prices had risen by

Jun 4, 2024 • 28:41

The Impact of Strategic Risks

In the second episode of the strategic risk series, the Purdue University Center for Commercial Agriculture’s James Mintert, Michael Langemeier, and Brady Brewer provide examples of strategic risks and discuss ways agricultural producers can make their farm operation more resilient to strategic risks. They wrap up their discussion with a scenario-based approach you can adopt to make your farm more resilient to strategic risks. Podcast provided by Purdue University's Center for Commercial Agricul

May 31, 2024 • 29:27

Importance of Managing Strategic Risks

Dig into strategic risk management for farm businesses with the Purdue University Center for Commercial Agriculture. Join James Mintert, Michael Langemeier, and Brady Brewer as they discuss what strategic risks are and how to start thinking about your farm's ability to withstand shocks. The team of ag economists also discuss how important it can be to identify and capture the business opportunities that sometimes accompany a shock to the operating environment. This is the first episode in a seri

May 24, 2024 • 24:52

Ag Barometer Insight: April 2024 Survey Results

April witnessed a steep decline in U.S. farmer sentiment, as indicated by the Purdue University/CME Group Ag Economy Barometer, which fell 15 points from March to a reading of 99. April marked the lowest farmer sentiment reading since June 2022 and the weakest current condition rating since May 2020. The sentiment decline was driven by worries regarding the current financial situation on farms and anticipated financial challenges in the coming year. The April Ag Economy Barometer survey was cond

May 7, 2024 • 8:15

Navigating Farm Loan Interest Rates

Total operator interest expense over the past year has increase 43%, leading producers to seek answers among a diversified agricultural credit space. From traditional lenders in ag, like the farm credit system and commercial banks or more non-traditional lenders like implement dealers and co-ops - How do these lenders compare? Host Brady Brewer, accompanied by guests Dr. Jennifer Iftt, Dr. Noah Miller, and Dr. Gerald Mashange, explore how agricultural loan interest rates vary among lenders. In t

Apr 19, 2024 • 45:15

Ag Barometer Insight: March 2024 Survey Results

U.S. farmers’ perspective on the future improved in March helping to push the Purdue University-CME Group Ag Economy Barometer up 3 points from February to a reading of 114. The Index of Current Conditions at 101 was 2 points below a month earlier while the Index of Future Expectations reached 120, 5 points higher than in February. The split between the current and future indices was driven primarily by farmers’ perception that their financial condition has deteriorated over the last year while

Apr 2, 2024 • 23:01

Ag Barometer Insight: February 2024 Survey Results

The latest Purdue University/CME Group Ag Economy Barometer reveals a modest increase in farmer sentiment compared to the previous month, though concerns remain regarding farm financial performance in the year ahead. The barometer rose in February posting a reading of 111, 5 points higher than a month earlier. The modest rise in the barometer was attributable to producers expressing somewhat more optimism about the future as the Future Expectations Index rose 7 points to a reading of 115 while t

Mar 5, 2024 • 19:13

Making Your 2024 Crop Insurance Decision

This episode of the Purdue Commercial AgCast is a great opportunity for producers to review their crop insurance choices for the upcoming season. Purdue University Center for Commercial Agriculture’s ag economists Michael Langemeier and James Mintert and Brad Lubben, policy specialist and extension associate professor from the University of Nebraska-Lincoln, walk participants through key considerations when making their 2024 insurance choices. During the episode they discussed a handy thumb rule

Mar 4, 2024 • 32:48

PLC or ARC: Making Your 2024 Farm Bill Program Price Protection Decision

Brad Lubben, policy specialist and extension associate professor from the University of Nebraska-Lincoln, joins Purdue ag economists James Mintert and Michael Langemeier for a discussion on key 2024 farm program details. They highlight differences between the PLC and ARC programs for the 2024 crop year and how benefits from the two programs are likely to differ. After listening to the podcast you’ll be ready to make your 2024 farm program choice. Podcast provided by Purdue University's Center fo

Feb 29, 2024 • 36:30

USDA Farm Income Forecast, February 2024 Update

Join host Brady Brewer for an episode with Purdue ag economist Michael Langemeier as they discuss USDA's latest farm income forecast for February 2024. Net farm income is expected to decline by 25% but remain near the long-run average. Gain insight into various crop and livestock sectors as they discuss enterprise revenues, farm household income, production expenses, breakeven prices for an Indiana case farm, and the U.S. farm sector balance sheet. Podcast provided by Purdue University's Center

Feb 14, 2024 • 25:37

Ag Barometer Insight: January 2024 Survey Results

Farmer sentiment took a downturn at the start of 2024 as the January Purdue University-CME Group Ag Economy Barometer Index fell to a reading of 106, 8 points below a month earlier. Compared to year-end, producers had a more negative outlook of their farms’ current situation along with a weakened outlook for the future as the Current Conditions Index fell 9 points and the Future Expectations Index dropped 7 points, both compared to December. Anticipated lower farm income in 2024 significantly in

Feb 6, 2024 • 19:36

Farm Agility, Resilience & Strategic Risk

Host Brady Brewer recaps Michael Langemeier and Margaret Lippsmeyer's presentation on farm agility and resilience at the 2024 Top Farmer Conference. The discussion revolves around the importance of strategic risk management and the factors that contribute to a farm's resilience. Dr. Langemeier and Margaret highlight the relationships between farm growth, producer sentiment, risk preference, managerial ability, farm resilience, and the use of production ag technologies. The episode also touches u

Jan 31, 2024 • 20:44

Renewable Diesel Boom & Where Biofuels Are Headed

Host Brady Brewer discussed the "boom" in renewable diesel and its expected impact on the soybean market with Dr. Scott Irwin, a professor of agricultural economics at the University of Illinois. In addition to discussing the renewable diesel market, Dr. Irwin also provides insight into the sustainable aviation fuel (SAF) market and potential impacts on U.S. agriculture. Tune in to hear Brady and Scott discuss how the future might play out in these two important markets for U.S. agriculture. Thi

Jan 24, 2024 • 10:02

The Outlook for Corn & Soybeans

Host Brady Brewer provides a recap of Dr. Chad Hart's presentation on the 2024 agricultural crop market outlook at the Purdue Top Farmer Conference. Dr. Hart, a professor and crop marketing specialist at Iowa State University, explores the shift to “normalcy” for crop prices and farm incomes in 2024. This episode also provides insights into the challenges and opportunities ahead ranging from the impact of possible drought on USDA projections to projected increases in soybean acres. Podcast provi

Jan 17, 2024 • 7:55

Farm Bill Directions & Decisions

Join host Brady Brewer as he recaps Dr. Brad Lubben’s presentation on the 2024 ag policy outlook at the Purdue Top Farmer Conference. Dr. Lubben, an extension ag policy specialist at the University of Nebraska-Lincoln, navigates the complexities of the current farm bill landscape, detailing challenges faced in 2023 and how we ultimately ended up with a one-year extension of the current legislation. This episode also provides insights into decisions farmers must make in 2024, emphasizing the chan

Jan 10, 2024 • 19:23

Ag Barometer Insight: December 2023 Survey Results

U.S. farmers’ sentiment changed very little in December compared to the preceding month. The Purdue University-CME Group Ag Economy Barometer recorded a reading of 114, just one point lower than a month earlier. Both sub-indices of the barometer, the Index of Current Conditions and the Index of Future Expectations, also fell one point below their respective November readings. Looking ahead to 2024, U.S. farmers inflation expectations are markedly lower than they were at the start of 2023. The De

Jan 2, 2024 • 29:08

USDA Farm Income Forecast, December Update

Curious about the outlook for farm incomes in the coming year? Join host Brady Brewer in this episode with Purdue ag economist Michael Langemeier as they discuss farm income projections outlined in USDA's December Farm Income Forecast. Michael shares producer perspectives from the Ag Economy Barometer and takes a closer look on an Indiana case farm. Podcast provided by Purdue University's Center for Commercial Agriculture. Slides and the transcript from the discussion can be found at https://pur

Dec 20, 2023 • 34:28

Ag Barometer Insight: November 2023 Survey Results

Agricultural producers’ sentiment increased for the second consecutive month, as the Purdue University/CME Group Ag Economy Barometer index rose 5 points to a reading of 115, a 12% increase compared to the previous year. The sentiment growth is largely attributed to farmers’ improved perceptions of their farms’ financial conditions and prospects. This month’s Ag Economy Barometer survey was conducted from November 13-17, 2023. The Ag Economy Barometer sentiment index is calculated each month fro

Dec 5, 2023 • 25:06

Ag Barometer Insight: October 2023 Survey Results

There was a slight uptick in agricultural producers’ sentiment in October, as the Purdue University/CME Group Ag Economy Barometer index rose 4 points to a reading of 110. The modest improvement in farmer sentiment resulted from farmers’ improved perspective on current conditions on their farms as well as their expectations for the future. This month’s Ag Economy Barometer survey was conducted from October 16-20, 2023. The Ag Economy Barometer sentiment index is calculated each month from 400 U.

Nov 7, 2023 • 20:42

Ag Barometer Insight: September 2023 Survey Results

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. Weakening prices for major crops and ongoing concerns about high production costs and interest rates weighed on producers’ minds this month. This month’s Ag Economy Barometer survey was conducted from September 11-15, 2023. The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural pr

Oct 3, 2023 • 24:11

USDA Farm Income Forecast, August Update

Join us in this 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. Stay informed about how the impact of rising inflation and increased farm input prices are influencing breakevens and farmland values by tuning into this enlightening discussion. Podcast provided by Purdue Unive

Sep 13, 2023 • 36:21

Ag Barometer Insight: August 2023 Survey Results

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 decline was fueled by producers’ weaker perception of current conditions both on their farms and in U.S. agriculture. The Current Conditions Index fell 13 points to a reading of 108. The Future Expectations Index also declined, down 5 points in August to a reading of 119. This month’s Ag Economy Barometer survey was conducted from August

Sep 5, 2023 • 20:23

Financing Amid Rate Ripples, an Ag Credit Update

Discover how interest rates impact farming decisions, machinery choices, and the value of farmland. In this ag credit update podcast, Purdue ag economists Brady Brewer and Michael Langemeier discuss recent inflation trends, interest rate trajectories, loan markets and the ripple effects at the farm. Projections from producers on the latest Purdue University/CME Group Ag Economy Barometer don't line up with policy makers at the Federal Reserve Open Market Committee (FOMC) on where we're headed fo

Aug 21, 2023 • 23:43

(Part 2) Indiana Farmland Cash Rental Rates 2023 Update

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss cash rental rates for Indiana farmland in this, the second of two episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana's farmland and cash rental market. The 2023 survey results confirm that, statewide, average cash rental rates for Indiana farmland rose about 2% above 2022's rates. H

Aug 7, 2023 • 29:09

(Part 1) Indiana Farmland Values 2023 Update

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss Indiana farmland values on this, the first of two episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana's farmland and cash rental market. The 2023 survey results confirm that the average value for Indiana farmland hit a new record high this summer. Growth in values, however, was relat

Aug 6, 2023 • 31:46

Ag Barometer Insight: July 2023 Survey Results

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 Ag Economy Barometer survey was conducted from July 10-14, 2023.  The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the July

Aug 1, 2023 • 30:47

Ag Barometer Insight: June 2023 Survey Results

Farmer Sentiment rebounded on more optimistic view of future 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. The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the June 2023 Ag Economy Barometer survey. The f

Jul 5, 2023 • 17:56

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. Greg and Jenny Rowland took over the operation in 1989 and for well over a decade have focused on improving soil health via their use of cover crops to boost their farm's long-term productivity. Looking for expan

Jun 28, 2023 • 8:50

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. The Hackmans have augmented their row-crop operation with produce including sweet corn, watermelons, cantaloupes, tomatoes and several other produce crops. In addition to supplying several major

Jun 22, 2023 • 10:50

Soybean Outlook Update Following USDA’s June WASDE Report

Soybean futures volatility increased sharply this week as futures prices responded to concerns about dry weather possibly impacting crop yields. Purdue ag economists James Mintert and Nathanael Thompson discussed the updated soybean outlook on the latest Purdue Commercial AgCast video podcast. The Center's team reviewed this week's soybean crop condition ratings and possible implications for 2023 U.S. soybean yield, production and carryover stocks. Shifting demand prospects for soybeans related

Jun 16, 2023 • 36:40

Corn Outlook Update Following USDA’s June WASDE Report

Purdue ag economists James Mintert and Nathanael Thompson discussed the updated corn outlook following USDA's June World Ag Supply and Demand Estimates (WASDE) report on the latest Purdue Commercial AgCast podcast. The latest corn crop condition ratings were discussed along with implications for 2023 U.S. corn yield, production and carryover stocks. Corn export prospects were also featured with a comparison to South American and Black Sea region exports. The discussion concluded with an overview

Jun 14, 2023 • 38:21

Ag Barometer Insight: May 2023 Survey Results

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. The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the May 2023 Ag Economy Barometer sur

Jun 6, 2023 • 18:53

Ag Barometer Insight: April 2023 Survey Results

Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline up 6 points to a reading of 123. This month’s survey was conducted from April 10-14, 2023. The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the April 2023 Ag Economy Barometer survey. Th

May 2, 2023 • 20:34

Critical Juncture for Crop Basis & Your Marketing Strategy for the Remainder of ’22 Crop

Purdue ag economists Nathanael Thompson and James Mintert explore what's been taking place in the Eastern Corn Belt on corn basis, the May/July CBT corn spread, as well as the July/September CBT corn spread, and later discuss how you might pursue some marketing strategies for the remainder of the '22 crop that you might have in storage.  Podcast provided by Purdue University's Center for Commercial Agriculture. Slides and the transcript from the discussion can be found at https://purdue.edu/comm

Apr 24, 2023 • 37:59

Ag Barometer Insight: March 2023 Survey Results

Farmer sentiment weakened again in March as the Purdue University-CME Group Ag Economy Barometer fell 8 points to a reading of 117. Both the Index of Current Conditions and Index of Future Expectations declined 8 points in March leaving the Current Conditions Index at 126 and the Future Expectations Index at 113. Weaker prices for key commodities including wheat, corn, and soybeans from mid-February through mid-March were a key factor behind this month’s weaker sentiment reading. The Purdue Univ

Apr 4, 2023 • 17:10

Prospective Plantings Report Update

On March 31st USDA released the Prospective Plantings and the March Grain Stocks reports, providing the first estimate of spring 2023 corn and soybean planting intentions. Purdue ag economists James Mintert and Michael Langemeier reviewed the information contained in both reports and discussed implications for the corn and soybean outlook in 2023. Podcast provided by Purdue University's Center for Commercial Agriculture. Slides and the transcript from the discussion can be found at https://purdu

Mar 31, 2023 • 24:12

Ag Barometer Insight: February 2023 Survey Results

The Purdue University-CME Group Ag Economy Barometer Index dipped 5 points in February to a reading of 125. Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future both weakened. This month’s survey revealed that producers’ confidence in the future growth of U.S. agricultural exports continues to weaken. In addition, although both land value expectation indices remain in positive territory, more producers think farmland values could weaken in

Mar 7, 2023 • 23:44

Financial Risk Management & Contingency Planning

Farming is never the same from year to year - sometimes prices are good, net farm income is high, and other times margins are tight. Planning ahead, or contingency planning for financial hardship is important for any farm operation. In this final episode in the Farm Risk Management series, Purdue's Michael Langemeier and Ed Farris join Brady Brewer to discuss financial risk management. How to evaluate farm financials, update financial statements, analyze performance, and when borrowing makes sen

Mar 2, 2023 • 27:47

Making Your 2023 Crop Insurance Decision

This episode of the Purdue Commercial AgCast is a great opportunity for producers to review their crop insurance choices for the upcoming season. Purdue University Center for Commercial Agriculture's ag economists Michael Langemeier and James Mintert walk participants through key considerations for their 2023 insurance options. In particular, they discuss a handy thumb rule to use when considering an increase in coverage levels for RP insurance. Podcast provided by Purdue University's Center for

Feb 24, 2023 • 40:40

Marketing Risk Management & Contingency Planning

Product, price, place, and promotion are important in marketing to current and potential buyers. In this episode, a continuation of the Farm Risk Management series, Ariana Torres, Renee Wiatt, and Jenna Nees join Brady Brewer to discuss contingency planning for marketing risk management.  This series is based on the Six Pillars of Farm Risk Management course, funded by the North Central Extension Risk Management Education Center. Podcast provided by Purdue University's Center for Commercial Agri

Feb 23, 2023 • 20:38

Social Media Risk Management & Contingency Planning

Farms and agribusinesses are confronted by many different types of risk in today's market, including social media. In this third episode in the Farm Risk Management series, Purdue University's Jenna Nees, Renee Wiatt and Ariana Torres join Brady Brewer to discuss social media's impact on businesses and how to build a contingency plan to protect your farm. This series is based on the Six Pillars of Farm Risk Management course, funded by the North Central Extension Risk Management Education Center

Feb 16, 2023 • 26:19

February Corn & Soybean Outlook Update

Purdue agricultural economists Nathanael Thompson, Michael Langemeier, and James Mintert discussed the corn and soybean outlook following USDA's February World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies on February 10, 2023. Monthly Outlook provided by Purdue University's Center for Commercial Agriculture. Slides and the transcript from the discussion can be found at https://purdue.ag/webinar021023. Find the FULL video episode

Feb 13, 2023 • 52:40

Thinking Like A CFO for Your Farm Operation

Why should you think like a Chief Financial Officer (CFO)? Every farm needs someone to fulfill the CFO role, with or without the title of CFO. Sometimes the role of an accountant and CFO are confused. A CFO uses accounting information to help project what's going to happen on a farm, going well beyond the accounting function. Most farms already have a balance sheet in addition to cash income and expense information that can be used for taxes. That's an accounting role. The individual on the farm

Feb 10, 2023 • 45:25

Ag Barometer Insight: January 2023 Survey Results

The Purdue University-CME Group Ag Economy Barometer Index rose again in January, to a reading of 130, 4 points above its 2022 year-end index value. The January survey results also pushed the index 34% above its 2022 low point which occurred last June. The barometer’s modest rise in January was primarily attributable to better expectations for the future as the Future Expectations Index rose 5 points to 127 while the Index of Current Conditions, with a value of 136, changed little compared to De

Feb 7, 2023 • 12:44

Importance of Crop Basis when Marketing Grain

Basis is an important component for crop producers to consider when marketing grain because it is used to convert the futures price to a local cash equivalent. Futures prices and basis follow different seasonal patterns so the ability to manage futures price risk and basis risk independently creates an opportunity to improve returns. Join Purdue ag economists and co-creators of the Purdue Crop Basis Tool, Nathan Thompson and Jim Mintert for an episode discussing the advantages of using the Cente

Feb 2, 2023 • 23:18

How Much Have Eggs & Other Food Prices Risen?

With egg prices up nearly 75% and grocery bills on the rise, Jayson Lusk, Distinguished Professor and Department Head of Agricultural Economics joins Brady Brewer to discuss food price inflation. Jayson is also the Director of the Purdue Center for Food Demand Analysis and Sustainability (CFDAS) which provides dashboards and reports on food data, emerging topics, and consumer trends. Although food prices have been on the rise since the onset of the COVID-19 pandemic, certain grocery items have r

Jan 26, 2023 • 29:54

2023 Top Farmer Conference Recap: Interest Rates

In this episode, Purdue’s Brady Brewer was joined by Michael Langemeier, associate director of Purdue’s Center for Commercial Agriculture and Jason Henderson, senior associate dean of Purdue’s College of Agriculture and professor of agricultural economics. The podcast episode was a follow-up to the panel discussion the group had at the 2023 Purdue Top Farmer Conference focused on the U.S. economy, the Federal Reserve’s policy choices in 2023 and what it means for interest rates and the farm econ

Jan 19, 2023 • 22:44

2023 Top Farmer Conference Recap: Machinery

Associate Professor of Agricultural Economics at the University of Kentucky Tyler Mark joined Purdue's Brady Brewer at the 2023 Purdue Top Farmer Conference to discuss the machinery market. In this episode, the two discuss key factors related to machinery prices, and what buyers should be thinking about as they make equipment purchase decisions in 2023 and 2024.  Podcast provided by Purdue University’s Center for Commercial Agriculture. More farm management news and information can be found at h

Jan 18, 2023 • 13:03

2023 Top Farmer Conference Recap: Land Values

Purdue's Brady Brewer was joined by R.D. Schrader, President of Schrader Real Estate and Auction Co., and Howard Halderman, President and CEO of Halderman Real Estate and Farm Management at the 2023 Purdue Top Farmer Conference to discuss land values. In this episode, Brewer, Schrader and Halderman give insights into what is in store for the farmland market, how interest rates may impact farmland markets, and the impact of institutional buyers.  Podcast provided by Purdue University’s Center for

Jan 17, 2023 • 14:37

January Corn & Soybean Outlook Update

Nathan Thompson and Michael Langemeier joined James Mintert on this podcast to discuss new information from USDA’s January 2023 World Ag Supply & Demand Estimates (WASDE) report, which was released on January 12th. During the podcast, they also provided an update on Eastern Corn Belt corn and soybean basis bids, marketing opportunities for both old and new crop corn and soybeans along with current breakeven estimates for corn and soybean production in 2023. Podcast provided by Purdue University’

Jan 13, 2023 • 1:00:57

2023 Top Farmer Conference Recap: Corn & Soybean Outlook with Iowa State’s Chad Hart

Dr. Chad Hart, crop marketing specialist from Iowa State University, joined Purdue's Brady Brewer on January 6, 2023 at the Purdue Top Farmer Conference to discuss the key factors he is monitoring that will impact both the corn and soybean price outlook in 2023 and 2024.  Podcast provided by Purdue University’s Center for Commercial Agriculture. More farm management news and information can be found at http://purdue.edu/commercialag.

Jan 12, 2023 • 8:32

Ag Barometer Insight: December 2022

Producer sentiment improved sharply in December as the Purdue University-CME Group Ag Economy Barometer Index reading of 126 was 24 points higher than a month earlier. Although U.S. farmers were more positive regarding both the current situation as well as their expectations for the future, by far the biggest improvement was in their assessment of current conditions. This month’s survey was conducted from December 5-9, 2022. The full report is available at https://purdue.ag/agbarometer. Podcast

Jan 3, 2023 • 20:41

Production Risk Management & Contingency Planning

In this second episode of a new series on Farm Risk Management, Jenna Nees, Ed Farris, and Michael Langemeier join Brady Brewer to discuss contingency planning for production risk. Minimizing risk through management practices, reducing production variability, and managing ways to transfer some of the production risk should be reevaluated every year. Implementing diversification, flexibility, vertical integration, and new technology while managing costs can help migrate risk for farms and agribus

Dec 28, 2022 • 17:45

December Outlook Update: Shifting Gears

Purdue ag economists Michael Langemeier, Nathan Thompson and James Mintert discuss shifting gears with farm management strategies for a tougher operating environment. The team took a longer-term view of the changing cost structure facing corn and soybean prices, key factors likely to impact corn and soybean prices in 2023 and discussed how to use scenarios when analyzing price risk and making marketing decisions. Slides from the webinar podcast can be found at https://purdue.ag/webinar121922.  P

Dec 20, 2022 • 1:11:47

Human Resource Risk Management & Contingency Planning

Farms and agribusinesses are confronted by many different types of risk, but consideration to human resource risk is overlooked by far too many. If critical functions cannot be completed due to a death, disability, disaster, divorce, or disagreement the farm business cannot operate at full efficiency. One way to combat HR risk is by writing a contingency plan to help decide what to do if key operations are disrupted or key personnel is not available. In this first episode of a new series on Farm

Dec 14, 2022 • 21:25

Ag Barometer Insight: November 2022

Farmer sentiment was unchanged in November as the Purdue University-CME Group Ag Economy Barometer came in at a reading of 102, the same as in October. There was however a slight shift in underlying sentiment as the Index of Current Conditions declined 3 points this month to a reading of 98 while the Index of Future Expectations rose 2 points to 104. This month’s survey was conducted from November 14-18, 2022. The full report is available at https://purdue.ag/agbarometer. Podcast provided by Pur

Dec 6, 2022 • 27:56

Tax Planning & Working Capital in a Strong Income Year

For many crop and livestock producers, 2021 and 2022 were both strong net farm income years making tax planning strategies important. Purdue agricultural economists Brady Brewer and Michael Langemeier discuss strategies that will help reduce tax liabilities while also maintaining working capital. Strategies to consider include deferring income, prepaying expenses, retirement plan contributions, bunching itemized contributions, or hiring your children all of which won’t drain your farm’s working

Nov 23, 2022 • 21:13

November Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathan Thompson and James Mintert discuss the corn and soybean outlook following USDA's November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports along with current export and ethanol grind estimates. Updated corn and soybean basis information and a look at estimated corn and soybean breakeven prices for the 2023 crop are discussed in the outlook update. Slides from the discussion can be found at https://purdue.ag/webinar

Nov 11, 2022 • 51:56

Ag Barometer Insight: October 2022

Farmer sentiment weakened again in October as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 102, down 10 points compared to a month earlier. Both of the barometer’s sub-indices, the Index of Current Conditions and the Index of Future Expectations, declined this month. This month’s survey was conducted from October 10-14, 2022. The full report is available at https://purdue.ag/agbarometer. Podcast provided by Purdue University's Center for Commercial Agriculture. For m

Nov 1, 2022 • 30:58

October Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier, Nathanael Thompson, and James Mintert discuss the corn and soybean outlook following USDA's October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports along with current export and ethanol grind estimates. Updated corn and soybean basis information and a look at estimated corn and soybean breakeven prices for the 2023 crop were discussed during the podcast. Slides from the discussion can be found at https://purdue

Oct 14, 2022 • 54:17

Ag Barometer Insight: September 2022

The Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier. These results stand in contrast with future expectations in September which were only 2% weaker than a year ago. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted from September 19-23, 2022, a week

Oct 4, 2022 • 35:53

Farm Impact from Rising Inflation and Interest Rates: September Update

Purdue agricultural economists Brady Brewer and Michael Langemeier discuss updated inflation numbers and interest rates and the impacts on agriculture in this episode. Farm inputs like fertilizer, diesel, machinery and building supplies are discussed, as well as capital investments like land and real estate, and how the cost of debt is affecting budgets and operating interest rates. They also discuss the choice of variable interest rate loans vs fixed interest rate loans, a decision many farmers

Sep 29, 2022 • 30:46

10 Tips for Communications in Your Farm Business

Communication in any business is important, especially in your farm business when many times family is involved. Purdue ag economist Brady Brewer hosts a discussion with Purdue's Farm Succession Planning team that will provide you with 10 tips for better communication within your farm business. Team members Renee Wiatt, Family Business Management Specialist, Kelly Heckaman, Purdue Extension Area XI Director, and Heather Caldwell, Fayette County ANR Educator, discuss their tips for better communi

Sep 26, 2022 • 31:14

September Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathan Thompson and James Mintert broadcasted the September Crop Outlook webinar on Friday, September 16, 2022. The webinar featured information from USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports along with current export and ethanol grind estimates. The webinar also included updated corn and soybean basis information, a first look at estimated corn and soybean breakeven prices for the 2023 crop and a

Sep 16, 2022 • 58:42

Ag Barometer Insight: August 2022

The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading 117. The rise in the overall measure of agricultural producer sentiment was driven by increases in both the Index of Current Conditions, which rose 9 points to 118 and the Index of Future Expectations, which climbed 16 points to 116. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conduct

Sep 6, 2022 • 32:51

Indiana Farmland Values & Cash Rental Rates: 2022 Update

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss the 2022 Purdue Farmland Values Survey results and the USDA's Land Values report. The department of agricultural economics conducts the Purdue Farmland Value and Cash Rent Survey each June; the survey is produced through the cooperation of numerous professionals knowledgeable regarding Indiana's farmland market. The survey results suggest farmland prices across Indiana rose to all-time highs in June 2022. Statewide, 2

Aug 25, 2022 • 58:07

August Corn & Soybean Outlook Update

Purdue agricultural economists Nathan Thompson and James Mintert recorded this podcast on August 12th. The team discussed the corn and soybean outlook following USDA's August World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies. Updates on balance sheet estimates for both the 21/22 and 22/23 crop years, ethanol demand, ending stock estimates, corn and soybean basis were all discussed.    Slides from the discussion can be found at h

Aug 12, 2022 • 43:48

Ag Barometer Insight: July 2022 Survey

The Purdue-CME Group Ag Economy Barometer sentiment index rose 6 points in July to a reading of 103. Producers in this month’s survey were somewhat more optimistic about both current and future economic conditions on their farms than they were in June. This month's survey was conducted from July 11-15, 2022. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. Purdue ag economist James

Aug 2, 2022 • 18:59

Rising Interest Rates...Implications for Farmers

On this episode Purdue ag economists Brady Brewer and Michael Langemeier discuss inflation and interest rates in the agricultural sector as well as the agricultural credit markets. Gain more insight on interest rates, inflation and more!   If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.  Podcast provided by Purdue University's Center for Commercial Agriculture. For more farm information and news visit us at http://purdue.edu/commercialag.

Jul 27, 2022 • 31:27

Farm Succession: Roadmapping Your Farm Transition

On this episode Purdue ag economist Brady Brewer along with the Purdue farm transition team Maria Marshall, Renee Wiatt, and Kyle Weaver, discuss the importance and implementation of roadmapping in your farm succession process.     If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.    Podcast provided by Purdue University's Center for Commercial Agriculture. Find the rest of this farm succession series at http://purdue.ag/successionplan and more information on farm successi

Jul 15, 2022 • 21:05

July Corn & Soybean Outlook Update

Purdue agricultural economists Nathan Thompson, Michael Langemeier, and James Mintert recorded this podcast on July 13th,. The team discussed the corn and soybean outlook following USDA's July World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies. Updates on balance sheet estimates for both the 21/22 and 22/23 crop years, ethanol demand, ending stock estimates, corn and soybean basis and profitability estimates were all discussed.

Jul 13, 2022 • 57:23

Farm Succession: Financial Readiness for Succession

On this episode Purdue ag economists Brady Brewer and Michael Langemeier, along with extension educator Ed Farris discuss farm financial readiness and how it impacts succession planning.    If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.    Podcast provided by Purdue University's Center for Commercial Agriculture. Find the rest of this farm succession series at http://purdue.ag/successionplan and more information on farm succession planning on the Purdue Institute for Fa

Jul 6, 2022 • 31:04

Ag Barometer Insight: June 2022 Survey

Farmer sentiment remained weak in June as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 97, 2 points below its May reading. This month 51% of survey respondents said they expect their farms to be worse off financially a year from now, the most negative response received to this question since data collection began in 2015. This month’s survey was conducted from June 13-17, 2022. Purdue ag economists Brady Brewer and Michael Langemeier review the results and give some

Jul 5, 2022 • 32:48

Farm Succession: Exiting the Business In a Timely Manner

How soon should you start succession planning? What are important things to think about that need transferred? What makes a good business partner, and how can you make this decision?  On this episode, Purdue ag economist Brady Brewer discusses these succession questions along with tips on how to accomplish this transition in your farm business. Joining him in the discussion is the Purdue Farm Transition team, Dr. Maria Marshall, Director of the Purdue Institute of Family Business, and Renee Wait

Jun 22, 2022 • 21:37

Nontraditional Lenders and their Impact on the Agricultural Credit Markets

In this episode Purdue associate professor and agricultural economist Dr. Brady Brewer along with a panel of experts discuss various aspects of the ag credit market and how nontraditional lenders are impacting the ag credit markets.

Jun 17, 2022 • 30:04

June Corn & Soybean Outlook Update

Purdue agricultural economists Nathan Thompson, and James Mintert hosted a live webinar on June 13th. The team discussed the corn and soybean outlook following USDA's June World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies. Updates on balance sheet estimates for both the 20/21 and 22/23 crop years, corn and soybean export prospects, ethanol demand, ending stock estimates, corn and soybean basis, and inflation's likely impact on i

Jun 13, 2022 • 51:53

Ag Barometer Insight: May 2022 Survey

The Purdue University-CME Group Ag Economy Barometer plummeted in May to a reading of just 99, the weakest farmer sentiment reading since April 2020. The May 2022 barometer reading marked just the 9th time since data collection began in fall 2015 that the overall measure of farmer sentiment fell below 100. This month’s survey was conducted from May 16-20, 2022. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the May 2022 Purdue University-

Jun 7, 2022 • 25:36

May Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier, Nathan Thompson, and James Mintert hosted a live webinar on May 16th. The team discussed the corn and soybean outlook following USDA's May World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies. Updates on balance sheet estimates for both the 20/21 and 22/23 crop years, corn and soybean export prospects, ethanol demand, ending stock estimates, corn and soybean basis, and inflation's

May 16, 2022 • 54:22

Agricultural Job Market & the Purdue Ag Jobs Dashboard

Wondering what the current agriculture job market is? In this episode Purdue University Center for Commercial Agriculture's ag economists Brady Brewer and Nathan Delay discuss the agricultural job market and the Purdue University Department of Agriculture Economics Ag Jobs Dashboard from the research conducted by grad student Doug Abney. The dashboard is an overview of monthly data collected of the agricultural job market over time, starting the summer of 2021.  Podcast provided by Purdue Univer

May 10, 2022 • 19:31

Ag Barometer Insight: April 2022 Survey

The Purdue University-CME Group Ag Economy Barometer improved in April to a reading of 121, which was 8 points higher than a month earlier. Despite this month’s increase, the ag sentiment index remains 32% lower than its April 2021 reading. This month’s survey was conducted from April 18-22, 2022. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the April 2022 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 4

May 3, 2022 • 26:16

Inflation, Interest Rates & the Cost of Farm Inputs

What really is inflation? How is it measured? What is the potential impact on consumers and the ag sector? Purdue agricultural economists Brady Brewer, Michael Langemeier, and James Mintert discuss these questions and the potential impacts of rising inflation & Fed policy on interest rates. Near the end of the conversation, they discuss the long-run relationship between inflation and farm input prices.  Podcast provided by Purdue University's Center for Commercial Agriculture. Slides and a trans

Apr 20, 2022 • 50:22

April Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier and James Mintert discussed the corn and soybean outlook following USDA's April World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies. Updates on South American corn and soybean production expectations, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm income projections were all featured in the webinar. Slides from

Apr 12, 2022 • 44:42

Ag Barometer Insight: March 2022 Survey

The Purdue University-CME Group Ag Economy Barometer dipped to a reading of 113 in March, the weakest farmer sentiment reading since May 2020 which was in the early days of the pandemic. The March reading was 12 points lower than a month earlier and 36% lower than in March 2021. This month’s survey was conducted from  March 14-18, 2022. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the March 2022 Purdue University-CME Group Ag Economy Bar

Apr 5, 2022 • 18:22

Corn & Soybean Prospective Plantings Report Update

Purdue agricultural economists Michael Langemeier, Nathan Thompson and James Mintert discussed the implications of the Prospective Plantings report from USDA-NASS which was released on March 31, 2022. Implications for 2022 crop corn and soybean production based on the report’s planted acreage estimates were discussed along with a “first pass” at what it might mean for carryover estimates into the 2023 crop year. Updated profitability estimates for 2022 corn and soybean production were reviewed b

Apr 4, 2022 • 28:35

March Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier and James Mintert discussed the corn and soybean outlook following USDA's March World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for 2021 and 2022 crop marketing strategies. Updates on ending stock estimates, South American production expectations, and corn and soybean basis along with a discussion of prospects for corn vs. soybean acreage in 2022 were all featured.  Podcast provided by Purdue University's C

Mar 11, 2022 • 32:06

Crop Insurance Choices for 2022

Managing risk is always important, but especially so this year. This episode is a great opportunity for producers to review their crop insurance choices for the upcoming season. Purdue University Center for Commercial Agriculture's ag economists Michael Langemeier and James Mintert walk participants through considerations for their 2022 options. Download a companion slide deck at https://purdue.ag/cropinsuranceagcast. Podcast provided by Purdue University's Center for Commercial Agriculture. For

Mar 4, 2022 • 34:19

Ag Barometer Insight: February 2022 Survey

The Purdue University-CME Group Ag Economy Barometer rose 6 points in February to 125, matching the sentiment index’s reading from December. This month’s survey was conducted from February 14-18 2022, which was just prior to Russia’s invasion of Ukraine. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the February 2022 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. The full report is avail

Mar 1, 2022 • 24:09

February Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier, Nathanael Thompson and James Mintert discussed the corn and soybean outlook following USDA's February World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for 2021 and 2022 crop marketing strategies. Updates on ending stock estimates, South American production expectations, and corn and soybean basis along with a discussion of prospects for corn vs. soybean acreage in 2022 were all featured in the webinar. Slid

Feb 10, 2022 • 56:26

Ag Barometer Insight: January 2022 Survey

Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to 119, down from 125 a month earlier. This month’s decline leaves the barometer just three points higher than in November and is the second-lowest sentiment reading since July 2020. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the January 2022 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400

Feb 1, 2022 • 17:13

What We’ve Learned From the Ag Economy Barometer

Center director and Purdue ag economist James Mintert speaks with Eric Atkinson, host of K-State’s Agriculture Today radio program, about what we’ve learned from conducting Ag Economy Barometer surveys since October 2015. The Purdue University-CME Group Ag Economy Barometer is a nationwide monthly survey of 400 ag producers and is available at https://purdue.ag/agbarometer.   Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on

Jan 25, 2022 • 22:18

January Corn & Soybean Outlook Update

In this episode, Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discuss the updated corn and soybean outlook following release of USDA's January Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. The team reviewed new information from USDA and implications for 2021 and 2022 crop marketing strategies. Updates on corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with crop produ

Jan 14, 2022 • 53:03

Ag Barometer Insight: December 2021 Survey

For only the second time since May, the Ag Economy Barometer rose in December. This month’s index climbed to a reading of 125, 9 points higher than in November. Both the Index of Current Conditions and the Index of Future Expectations rose in December with the rise in the barometer attributable mostly to an improved perspective on current conditions in the agricultural sector. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the December 202

Jan 4, 2022 • 17:39

December Outlook Update: Keeping the Bottom Line Black

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert's December 15th seminar during The Indiana Farm Equipment and Technology Expo. The Purdue Center for Commercial Agriculture's team discussed the corn and soybean outlook following release of USDA's December World Agricultural Supply and Demand Estimates (WASDE) report and provided crop marketing and farm management strategies to help keep producers' bottom line black in 2022. Updates on corn and soybean export prospect

Dec 16, 2021 • 54:30

Ag Barometer Insight: November 2021 Survey

The Ag Economy Barometer slipped to a reading of 116 in November, down 5 points from October and 30% lower than in November 2020 when the barometer stood at 167. Once again, weakness in the barometer was tied to weaker sentiment regarding current conditions as well as weaker expectations for the future. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the November 2021 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly su

Dec 7, 2021 • 23:28

November Corn & Soybean Outlook Update

In this episode, we discuss the updated corn and soybean outlook following release of USDA's November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert review new information from USDA and implications for 2021 crop marketing strategies. Updates on yield and crop production estimates, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis

Nov 11, 2021 • 1:03:27

Ag Barometer Insight: October 2021 Survey

For the third month in a row, agricultural producer sentiment weakened in October as the Ag Economy Barometer declined to 121, 3 points lower than a month earlier. The modest decline in the overall sentiment index occurred as a result of producers’ weaker perceptions regarding both current and future conditions in the production agriculture sector. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the October 2021 Purdue University-CME Group

Nov 2, 2021 • 21:20

October Corn & Soybean Outlook Update

In this episode, we discuss the updated corn and soybean outlook following release of USDA's October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert review new information from USDA and implications for 2021 crop marketing strategies. Updates on yield and crop production estimates, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis a

Oct 13, 2021 • 57:40

Ag Barometer Insight: September 2021 Survey

Sentiment among agricultural producers weakened in September as the Ag Economy Barometer declined 14 points to a reading of 124. This is the weakest farmer sentiment reading since July 2020 when the index stood at 118. Producers were less optimistic about both current and future conditions on their farms and the agricultural sector than they were a month earlier. Purdue ag economist James Mintert reviews the results and gives some insight into the September 2021 Purdue University-CME Group Ag Ec

Oct 5, 2021 • 9:45

September Corn & Soybean Outlook Update

In this episode, we discuss the updated corn and soybean outlook following release of USDA's September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert review new information from USDA and implications for 2021 crop marketing strategies. Updates on crop conditions, corn and soybean export prospects, ethanol demand, ending stock estimates, and corn and soybean basis along with farm inc

Sep 13, 2021 • 1:05:19

Ag Barometer Insight: August 2021 Survey

Agricultural producers’ sentiment improved slightly in August compared to July as the Ag Economy Barometer rose four points to a reading of 138 vs. 134 a month earlier. The modest rise in the barometer was primarily attributable to an improvement in the Index of Current Conditions, which climbed 9 points to 152 while the Index of Future Expectations rose just 2 points to 132. Although the barometer and its two key sub-indices improved in August compared to July, all three indices remain well bel

Sep 7, 2021 • 21:36

Indiana Farmland Values & Cash Rental Rates: 2021 Update

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss the 2021 Purdue Farmland Values Survey results and the USDA's Land Values report. The department of agricultural economics conducts the Purdue Farmland Value and Cash Rent Survey each June; the survey is produced through the cooperation of numerous professionals knowledgeable regarding Indiana's farmland market. The survey results suggest farmland prices across Indiana rose to all-time highs in June 2021. Statewide, 2

Aug 20, 2021 • 1:15:12

August Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed the corn and soybean outlook following release of USDA's August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. In this episode, the Purdue team reviews the reports and provides implications for the upcoming crop year.   Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at htt

Aug 16, 2021 • 1:12:48

Ag Barometer Insight: July 2021 Survey

On the heels of a sharp two-month decline, the Agricultural Economy Barometer stabilized at a reading of 134 in July, just 3 points below a month earlier. This month’s sentiment index was the weakest barometer reading since July of 2020 and marked a return to sentiment readings observed from 2017 through 2019 when annual average barometer readings ranged from 131 to 133. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the July 2021 Ag Econo

Aug 3, 2021 • 20:55

Farm Succession: Non-Family Transfer

Many farms are not large enough or the next generation may not be interested in the farm business. Some farms may look outside their own family for non-related parties to bring into the farming operation. Purdue ag economists Brady Brewer discusses transferring the farm to a non relative with the Purdue Farm Transition team, Dr. Maria Marshall, Director of the Purdue Institute of Family Business and Renee Wiatt, Farm Business Management Specialist, and Dr. Julia Valliant of Indiana University, R

Jul 28, 2021 • 28:13

July Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed the corn and soybean outlook following release of USDA's July Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. In this episode, the Purdue team reviews the reports and provides implications for the upcoming crop year.   Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http:

Jul 15, 2021 • 58:57

Ag Barometer Insight: June 2021 Survey

For the second month in a row, the Ag Economy Barometer declined sharply, falling to a reading of 137, which was 21 points below a month earlier, and the weakest ag producer sentiment reading since July 2020. Producers in June were less optimistic about both current conditions on their farming operations as well as their expectations for the future. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the June 2021 Ag Economy Barometer survey, a

Jul 6, 2021 • 25:32

USDA Acreage Report & June 30th Outlook Update

According to today's (June 30) released numbers by USDA's National Agricultural Statistics Service (NASS), the acreage estimate came in on the low end of expectations.  Purdue ag economists James Mintert, Nathanael Thompson, and Michael Langemeier provide a discussion of the implications for corn and soybean markets following USDA's release of the June Acreage report. The Acreage and Grain Stocks reports are available online at www.nass.usda.gov.   Podcast provided by Purdue University's Center

Jun 30, 2021 • 34:31

Carbon Markets For U.S. Row Crop Producers: Opportunities And Challenges

Questions about agriculture's potential role in carbon sequestration are on many producers' minds these days. Purdue agricultural economists Carson Reeling, Nathanael Thompson and James Mintert discussed the opportunities and challenges of the carbon markets in U.S. agriculture for row crop producers. Download companion slides or a video recording at https://purdue.ag/webinar062421. If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.   Podcast provided by Purdue University's

Jun 25, 2021 • 1:08:22

June Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed the corn and soybean outlook following release of USDA's June Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. In this episode, the Purdue team reviews the reports and provides implications for the upcoming crop year.   Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http:

Jun 15, 2021 • 1:09:13

Ag Barometer Insight: May 2021 Survey

The Ag Economy Barometer declined 20 points in May to 158 which is the lowest barometer reading since September 2020 when the index stood at 156. Both principal sub-indices, the Index of Current Conditions and Index of Futures Expectations, declined also. Reflecting expectations for a strong crop sector, two-thirds of corn and soybean producers expect farmland cash rental rates to rise in 2022 compared to 2021. Purdue ag economists James Mintert and Michael Langemeier review the results and give

Jun 1, 2021 • 19:17

Farm Succession: Retirement Planning

Farm families face challenges with retirement planning and implementation similar to other small businesses but are unique as retirement can be implemented in various individualized situations for operations and management transitions. What activities will the retiring generation take part in? Will he/she remain involved in the labor, management, or ownership? Questions always arise on money for retirement living and similar to other businesses, a lawyer, a financial planner, an accountant, and

May 20, 2021 • 22:48

May Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed the corn and soybean outlook following release of USDA's May Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. In this episode, the Purdue team reviews the reports and provides implications for the upcoming crop year.   Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http:/

May 14, 2021 • 1:06:17

Ag Barometer Insight: April 2021 Survey

The April reading of the Ag Economy Barometer was 178, virtually unchanged from a month earlier when the index stood at 177 and just 5 points below its all-time high of 183, which was set back in October. Compared to March, however, there was a small change in producers’ perspective on the ag economy as they became more optimistic about the future, while their appraisal of the current situation waned. This month’s survey was conducted from April 19-23, 2021. Purdue ag economists James Mintert an

May 4, 2021 • 20:47

Farm Succession: Contingency Plan

A contingency plan is a set of procedures that defines how a business will operate in the event that some sort of disruption to the business occurs. Dr. Maria Marshall and Renee Wiatt join Dr. Brady Brewer to discuss what is in a contingency plan, risks that a contingency plan can cover, and why having one is needed for a successful farm transition. If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.   Podcast provided by Purdue University's Center for Commercial Agriculture

Apr 26, 2021 • 17:49

April Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed the corn and soybean outlook following release of USDA's April Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. On this episode, the Purdue team reviews the reports and provides implications for the upcoming crop year.   Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http

Apr 13, 2021 • 54:41

Ag Barometer Insight: March 2021 Survey

The Ag Economy Barometer rose in March to 177, the highest reading for the barometer since the record high reading of 184 in October. Strong ag commodity prices and improved farm financial conditions continue to support the Ag Economy Barometer readings as we head into spring. This month’s survey was conducted from March 22-26, 2021. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the March 2021 Ag Economy Barometer survey, a nationwide mon

Apr 6, 2021 • 17:14

Planting Intentions & March 31st Outlook Update

According to today's (March 31) released numbers by USDA's National Agricultural Statistics Service (NASS), growers across the U.S. intend to plant 91.1 million acres of corn, up less than 1% from last year, and soybean producers intend to plant 87.6 million acres in 2021, up 5% from last year.  Purdue ag economists James Mintert, Nathanael Thompson, and Michael Langemeier focus on the corn and soybean outlook in light of USDA's March Prospective Plantings and Grain Stocks reports. What does thi

Mar 31, 2021 • 34:15

The Value of Farm Data

Today we are talking about the value of your farm data. Purdue University agricultural economist Brady Brewer is joined by Purdue agricultural economist Nate Delay to discuss the types of farm data, the trust in sharing your data, and what price you'd put on that data. Farm data has come a long way and the value on it is a little unclear - a new Purdue study will help answer that question. If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.   Podcast provided by Purdue Unive

Mar 24, 2021 • 30:56

Farm Succession: Operating Agreements

Who can join the farm? And how? What terms are set on compensation if equity and contributions aren't equal? In this episode, our eighth in our Farm Transition Planning series, Purdue ag economists Brady Brewer and Michael Langemeier discuss agreements that are important in a farm business with Purdue Farm Transition team member Ed Farris. They talk operating agreements and common provisions, as well as buy/sell agreements. Find the rest of this series at https://purdue.ag/3lnl6I0 and more infor

Mar 17, 2021 • 33:16

March Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson, and James Mintert discuss the corn and soybean outlook following release of USDA’s March Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. On this episode, the Purdue team reviews the USDA reports and provides implications for the upcoming crop year. Find more information on the current crop outlook and farm economy by visiting the Purdue Center for Commercial Agriculture's website at https://purdue.ag

Mar 11, 2021 • 1:05:00

Making Your 2021 Crop Insurance Decisions

Crop insurance is an important aspect of nearly every corn and soybean farm’s risk management program. There are some new choices to consider this year, including the Extended Coverage Option (ECO). This episode is a great opportunity for producers to review their crop insurance alternatives as Purdue University Center for Commercial Agriculture's ag economists Michael Langemeier and James Mintert walk participants through considerations for their 2021 choices. Download companion slides or a vid

Mar 2, 2021 • 48:52

Ag Barometer Insight: February 2021 Survey

February's Ag Economy Barometer changed very little compared to January, down 2 points to a reading of 165. Ongoing strength in ag commodity prices and farm income continue to support producers’ perspective on current conditions while concerns about possible policy changes affecting agriculture and eroding confidence in future growth in ag trade continue to weigh on producers’ future expectations. This month’s survey was conducted from February 15-19, 2021. Purdue ag economists James Mintert and

Mar 2, 2021 • 17:48

Farm Succession: Business Entities

Choosing a business entity is a key aspect in liability, taxation, capitalization, decision making, agricultural government payments, and transfer options for all farm businesses. When it comes time to transition your farm business to the next generation, whether your farm is set up as a sole proprietor, partnership, corporation, or LLC, how your business is structured will affect many aspects. Deciding on a business entity requires much thought and advice. In this episode, our seventh in our Fa

Feb 24, 2021 • 24:23

Understanding the Five C's of Credit

Purdue University agricultural economist Brady Brewer is joined by Purdue agricultural economist Michael Langemeier to discuss credit underwriting and the criteria financial institutions use to determine eligibility of an applicant. Character, capital, capacity, collateral, and conditions are the five Cs of credit used in credit underwriting. These metrics are used for credit ratings to quantify and decide eligibility, interest rates and credit limits of borrowers. This episode focuses on what c

Feb 18, 2021 • 44:19

February Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed USDA’s February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Tight U.S. crop supplies combined with concerns about the South American harvest and prospects for big acreage swings are all on ag producers’ minds. The Purdue team reviewed updated information from USDA and other sources and discussed strategies to consider for 2021. Find more information on the current crop

Feb 11, 2021 • 56:43

Ag Barometer Insight: January 2021 Survey

The Ag Economy Barometer drifted lower in January to a reading of 167, a decline of 7 points compared to December and equal to the index’s November reading. The barometer’s decline over the last three months is all attributable to weaker expectations for the future as the Index of Future Expectations has fallen 35 points or about 19 percent since October. This month’s survey was conducted from January 18-22, 2021. Purdue ag economists James Mintert and Michael Langemeier review the results and g

Feb 2, 2021 • 24:30

Farm Succession: Business Governance for Transition Planning

Adding on to our series about Farm Transition Planning, in this sixth episode, we focus on the importance of governance in a farm business. Having policies on who's in power, how decisions are made, and how to hold accountability among team members (especially when it comes to family) makes running a farm business easier. Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Renee Wiatt and Dr. Maria Marshall discuss the impact of governance in farm transitio

Jan 26, 2021 • 24:26

2021 Farm Bill Decisions for Crop Producers

Crop producers need to make their 2021 farm program choices at their local Farm Service Agency (FSA) office (or online) by March 15, 2021. Producers have the option of choosing either the Agriculture Risk Coverage (ARC) or the Price Loss Coverage (PLC) program. Purdue agricultural economists Michael Langemeier and James Mintert review how the most commonly chosen program options during the last sign-up period played out for the 2019 crop and are likely to play out for the 2020 crop. They conclud

Jan 21, 2021 • 14:53

January Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed United States Department of Agriculture’s (USDA) January Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. The Purdue team reviewed information released in the USDA reports and looked at what the year ahead may have in store during the webinar. Carryover corn and soybean supplies have tightened considerably, and concerns exist regarding the size of South America's harvest. Fi

Jan 15, 2021 • 1:15:54

Ag Barometer Insight: December 2020 Survey

Farmer sentiment improved modestly in December as the Purdue University-CME Group Ag Economy Barometer rose to a reading of 174, up 7 points from November. Both of the barometer’s sub-indices, the Index of Current Conditions and the Index of Future Expectations, were higher in December than in November although the current conditions improvement was three-times the size of the future expectations increase. Purdue ag economists James Mintert and Michael Langemeier review the results and give some

Jan 5, 2021 • 18:29

Farm Succession: Conflict Management for Transition Planning

In this fifth episode of our series about Farm Transition Planning, we focus on conflict management – what is conflict, what causes it, how do we handle it within a farming business to come to a resolution. Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Renee Wiatt, Dr. Maria Marshall and Heather Caldwell discuss the levels and sources of conflict within today’s farm businesses. Working together as a team, possibly across generations of families, the t

Dec 18, 2020 • 29:09

December Corn & Soybean Outlook Update

In this episode, Purdue agricultural economists Michael Langemeier, Nathanael Thompson, and James Mintert discussed USDA’s December Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. As the end of the year is nearing, the Purdue team reviews information released in the USDA reports and looks ahead at what next year may have in store regarding potential profitability estimates for corn and soybeans. Find more information on the current crop outlook and farm econom

Dec 15, 2020 • 1:05:46

December 2020: USDA Farm Income Forecast Update

In this episode, Purdue agricultural economists James Mintert and Brady Brewer discuss the latest December release of the USDA Farm Income Forecast report. Each year, United States Department of Agriculture (USDA) forecasts farm income in February and then releases additional updates throughout the year as more data becomes available. This Purdue Commercial AgCast episode discusses the latest updates to the 2020 forecast released by USDA on December 2nd. In an earlier episode, we share more abou

Dec 9, 2020 • 32:09

Ag Barometer Insight: November 2020 Survey

U.S. farmers' sentiment weakened following the November 2020 elections, as the Purdue University-CME Group Ag Economy Barometer fell 16 points from a month earlier to a reading of 167. The decline in the Ag Economy Barometer was the result of weakened expectations for the future on the part of agricultural producers. Purdue ag economists James Mintert and Michael Langemeier review the results and give their insight into the November 2020 Ag Economy Barometer survey, a nationwide monthly survey o

Dec 1, 2020 • 15:14

Crop Cost and Returns

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. Purdue ag economists Michael Langemeier and Brady Brewer discuss the latest numbers from the Purdue Center for Commercial Agriculture's decision tool along with tips on how to use this tool to make farm operating decisions. The guide tool discussed in this episode can be accessed and downloaded at https://purdue.ag/budget2021.

Nov 24, 2020 • 27:47

November Update on the Crop Outlook

On this episode, Purdue agricultural economists Nathanael Thompson and James Mintert discussed USDA’s November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. They provide updates on key changes in USDA's corn and soybean balance sheet, implications on the ag trade outlook and marketing strategies, and updated potential profitability estimates for 2021. Find more information on the current crop outlook by visiting the Purdue Center for Commercial Agriculture's

Nov 12, 2020 • 59:11

Ag Barometer Insight: October 2020 Survey

Farmer sentiment hit a new record high in October as the Purdue University-CME Group Ag Economy Barometer climbed to a reading of 183, a 27-point increase compared to September. The reading easily eclipsed the previous record high set back in February, before the pandemic’s onset. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the October 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The full report is

Nov 3, 2020 • 18:37

Farmer Adoption of Enhanced Conservation

What are and what drives the adoption of "enhanced conservation practices" on the farm? In this episode, Purdue agricultural economists Allan Gray and Brady Brewer discuss their recent research that examines the adoption practices of enhanced conservation practices. This study consisted of focus groups with farmers and agricultural retailers across the Midwest. Dr. Gray and Dr. Brewer discuss what constitutes an enhanced conservation practice according to the study participants along with what d

Oct 28, 2020 • 28:10

October Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier and James Mintert discussed United States Department of Agriculture’s October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. This podcast provides information released in the USDA reports and updated profitability estimates and marketing strategies for both corn and soybeans. Find more information on this outlook by visiting the Purdue Center for Commercial Agriculture's website at https://purdue.ag/webinar100

Oct 12, 2020 • 36:12

Ag Barometer Rises as Crop Prices Rally and USDA Announces CFAP 2

U.S. agricultural producers became more optimistic again in September as the Purdue University-CME Group Ag Economy Barometer climbed to 156, the highest reading for the index since the pandemic began last winter and 12 points higher than one-month earlier. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the September 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The full report is available at https://p

Oct 6, 2020 • 21:17

Farm Succession: Human Resources for Transition Planning

Adding to our series about Farm Transition Planning, in this fourth episode, we focus on the human resource side of succession planning. Keeping the farm business running between generations and management tiers can be difficult, but job descriptions and keeping open communication is key. Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Jenna Nees, Denise Schroeder, and Kyle Weaver discuss the importance of having a strong HR strategy and some common iss

Sep 30, 2020 • 24:34

Understanding USDA Farm Income Forecasts

The United States Department of Agriculture (USDA) releases a number of reports throughout the year. In this episode, Purdue agricultural economists Todd Kuethe and Brady Brewer discuss the latest September release of the USDA Farm Income Forecast report. Each year, USDA forecasts farm income in February and then releases four additional updates throughout the year as more data becomes available. This Purdue Commercial AgCast episode discusses the accuracy and bias of these forecasts along with

Sep 23, 2020 • 30:12

Fall Corn & Soybean Outlook Following USDA's September 2020 Reports

Purdue agricultural economists Michael Langemeier and James Mintert discussed USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on September 11. The reports provided USDA’s first objective yield estimates for the 2020 corn and soybean crops. The webinar includes an overview of the information on the two reports along with a discussion regarding implications of the changes for the corn and soybean outlook in addition to a review of the likely chan

Sep 14, 2020 • 40:20

Ag Barometer Rebounds as Commodity Prices Rally & Agriculture Trade Prospects Improve

Farmer sentiment improved markedly in August as the Purdue University-CME Group Ag Economy Barometer rose to a reading of 144, 26 points higher than a month earlier. Purdue ag economists James Mintert and Michael Langemeier review the results from the August 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The barometer and its two sub-indices all posted their most positive readings since February 2020 when record highs were established and before the pandemic b

Sep 1, 2020 • 16:02

Using Vendor and Trade Credit for Farm Purchases

Purdue University agricultural economist Brady Brewer is joined by Purdue Agricultural Economics graduate student Chad Fiechter and Kansas State agricultural economist Jennifer Ifft to discuss issues surrounding vendor and trade credit in the agricultural finance sector. There has been a lot of growth in farmer use of vendor and trade credit as terms and conditions for this credit can sometimes be cheaper for farmers. This episode focuses on what this credit means for farmers and what pitfalls t

Aug 28, 2020 • 28:22

Farm Succession: Feasibility of Adding a Family Employee

Adding to our series about Farm Transition Planning, in this third episode, we discuss how to evaluate if the farm can add an employee. As a farm expands, it is important to evaluate the feasibility of adding an operator and/or hired employees as well as the feasibility of purchasing or renting additional land, and machinery and equipment. Purdue agricultural economists Michael Langemeier and Brady Brewer discuss two critical factors: gross revenue and profitability. Find the companion episodes

Aug 20, 2020 • 32:46

Indiana Farmland Values & Cash Rental Rates: 2020 Update

Purdue University agricultural economists Todd Kuethe, James Mintert, and Michael Langemeier breakdown the results from the Purdue Farmland Values and Cash Rents Survey conducted in June 2020 and compared that with USDA’s recent Land Values report. The annual Purdue Farmland Value and Cash Rent Survey is conducted by the department of agricultural economics and produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. These professionals provided an e

Aug 10, 2020 • 45:51

Ag Economy Barometer Stable, But Farmers Less Optimistic About Future

Farmer sentiment in July was virtually unchanged from a month earlier as the Purdue University-CME Group Ag Economy Barometer rose just one point to a reading of 118. Purdue ag economists James Mintert and Michael Langemeier review the results from the July 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The Purdue University-CME Group Ag Economy Barometer small change left it 30 percent below its February 2020 peak and 23 percent below its level a year ago. Th

Aug 4, 2020 • 21:34

Farm Succession: Transitioning Business Management

Following our episode about Farm Transition Planning, we now take a closer look at some of the key areas of forming and executing a farm succession plan. To kick this series off, Purdue Agricultural Economists Michael Langemeier and Brady Brewer cover the topic of transitioning management of a farm from one generation to the next. From goals and objectives, strategy considerations, to how best to structure to the management of the farm, key aspects of transitioning management are discussed. Find

Jul 22, 2020 • 36:56

Corn & Soybean Outlook

Purdue agricultural economists Michael Langemeier and James Mintert provide an updated corn and soybean outlook featuring information from USDA’s July World Agricultural Supply and Demand Estimates (WASDE) report and updated crop condition information. Also included are estimated 2019 and 2020 ARC-County and PLC payments, 2020 corn and soybean profitability estimates and some insights into marketing and management decisions for corn and soybean producers.

Jul 14, 2020 • 54:58

Forecasting Eastern Corn Belt Corn & Soybean Basis

On this episode, Purdue ag economist Nathan Thompson joins Jim Mintert to discuss corn and soybean basis in the Eastern Corn Belt. Learn about the Crop Basis Tool, which is updated weekly, to forecast basis and provides regional corn and soybean basis information for Illinois, Indiana, Michigan and Ohio. They conclude with a look ahead to 2020 corn and soybean basis and provide marketing suggestions for both old-crop still in storage as well as new-crop corn and soybeans. Find more on the Crop B

Jul 11, 2020 • 46:38

Farmer Sentiment Rebounds Amidst Ongoing COVID-19 Concerns

Farmer sentiment improved for the second month in a row, rebounding from sharp declines that took place in both March and April. Purdue ag economist James Mintert reviews the results from the June 2020 Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. The improvement in farmer sentiment left the Ag Economy Barometer 7 percent below one year earlier, while the Index of Future Expectations was still 10 percent below its June 2019 level. The Index of Current Conditions, however

Jul 7, 2020 • 12:42

Cover Crop Profitability

Utilizing cover crop treatments can have significant agronomic benefits for a farm. However, implementing this technology introduces additional costs. On this episode, Purdue agricultural economists Brady Brewer and Ph.D. student, Megan Hughes, evaluate the relationship between applied nitrogen and corn yield, and how this relationship is impacted by introducing three different species of cover crops: annual ryegrass, cereal rye, and an oat/radish blend. The article referenced in this episode c

Jul 1, 2020 • 21:32

Farm Succession: Transition Planning

Maria Marshall, professor and director of Purdue's Institute for Family Business, joins Brady Brewer to discuss farm succession planning. They answer why it's important to start planning both a management and an ownership transfer ahead of time, who to have on your team of advisors, and the things you can do to start to prepare. The resources discussed in this episode can be found at the Purdue Institute for Family Business, https://purdue.ag/fambiz.

Jun 24, 2020 • 27:13

Data and Precision Ag Usage

There is a lot of talk about “big data” in agriculture these days. The farm of the future is said to use multispectral imagery, soil and micro-climate sensors, equipment telematics data, and GPS to drive yield-enhancing decisions. Purdue ag economists, Nate Delay joins Brady Brewer to discuss how farms actually collect, manage, and analyze data during today's episode. Find more information on farm data usage at https://purdue.ag/farm-data-usage.

Jun 17, 2020 • 37:10

Ag Outlook Following USDA June World Ag Supply and Demand Estimates

Purdue agricultural economists Michael Langemeier and James Mintert provide an updated ag outlook, which includes information from USDA’s June World Ag Supply & Demand (WASDE) report along with updated profitability estimates for corn and soybeans. The podcast also addressed questions regarding eligibility for and assistance provided by USDA's CFAP program.

Jun 13, 2020 • 48:59

COVID-19 Continues to Impact Farmer Sentiment; Majority Indicate Economic Assistance Bill Necessary

Farmer sentiment improved slightly in May after falling sharply in both March and April. Purdue ag economists James Mintert and Michael Langemeier review the results from the May 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The Purdue University-CME Group Ag Economy Barometer reading in May was 103; the 7 points improvement from April left the gauge of farmer sentiment nearly 40 percent below its February peak of 168. The full report is available at https://

Jun 2, 2020 • 26:23

Coronavirus Food Assistance Program (CFAP) Application Details

Beginning May 26th, USDA's Farm Service Agency is accepting applications for the Coronavirus Food Assistance Program (CFAP) from producers who have suffered losses. Indiana FSA Director Steve Brown and staff join Jim Mintert for a discussion on eligibility requirements, payment rates and application details of the 2020 CFAP program. Find more information on this program at https://purdue.ag/CFAP.

May 27, 2020 • 51:18

Farmland Values in Today's Market

Purdue agricultural economists Brady Brewer and Todd Kuethe discuss the farmland market during today's episode. With the COVID-19 pandemic and the unprecedented year 2020 is presenting, Todd talks about what has been happening in farmland pricing, sales, policy, and interest rates. He discusses where he thinks the market is headed and may look like over the next 3-5 years.  Find more information on farmland and cash rents at https://purdue.edu/commercialag.

May 20, 2020 • 34:09

May 2020 Ag Outlook

Purdue agricultural economists Michael Langemeier and James Mintert provide updated information from USDA’s May World Ag Supply & Demand Estimates (WASDE) release along with updated profitability estimates for corn and soybeans as a result of the COVID-19 global pandemic.

May 15, 2020 • 55:45

Contingency Planning with Cash Flow Shortages

As cash flows from the farm operation become tighter due to COVID-19 and weaker commodity prices, it is necessary to find other funds to help pay for asset purchases or delay asset purchases, and to repay debt. On this episode, Purdue agricultural economists Michael Langemeier and Brady Brewer discuss contingency planning, a course of action designed to help a business determine how to respond to possible future events. Contingency plans are often referred to as “Plan B”. The article referenced

May 15, 2020 • 28:31

What the Food Value Chain has Learned and Should Apply Post COVID-19

COVID-19 has sent shock waves throughout the world, challenging every aspect of life. During this time of great tragedy and uncertainty, the concepts of communication, distance, work, food, and even shopping are suddenly being redefined. Purdue ag economists Allan Gray and Brady Brewer examine many aspects of agricultural business from the design of supply chains to impacts on consumer buying behaviors to the future of international trade.  The article, Potential Learnings and Changes for a Post

May 13, 2020 • 40:24

Agricultural Finance and Credit Update

Agricultural finance topics such as farm income, equity, debt, federal reserve policy, bank positioning, and credit analysis are covered. Purdue ag economists Jason Henderson and Brady Brewer discuss the current agricultural finance conditions affecting farms and agricultural lenders.

May 6, 2020 • 21:20

April Ag Barometer Drops Below 100 as Coronavirus Disrupts Agriculture

Coronavirus concerns, commodity price declines, and supply-chain disruptions sink producer sentiment to a three-year low. Purdue ag economists Michael Langemeier and James Mintert discuss the April Purdue University/CME Group Ag Economy Barometer. The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers and this month’s survey was conducted from April 19-24, 2020. Learn more at https://purdue.ag/agbarometer.

May 5, 2020 • 14:53

Update on the Livestock & Meat Situation

Pork and beef packing plant shutdowns along with reductions in demand from the hotel, restaurant, and institutional sector have disrupted U.S. meat and livestock markets. Purdue ag economists Jayson Lusk and James Mintert review the resulting dramatic shifts in pork and beef production along with the impact these shifts have had on U.S. wholesale beef and pork prices as well as prices for cattle and hogs. Charts are available at https://purdue.ag/2YdlbEF.

Apr 29, 2020 • 29:49