AgCast by Purdue Commercial Agriculture

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...

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,...

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 Univers...

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...

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...

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 fou...

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 conduc...

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, vert...

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 mark...

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 opera...

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...

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, bu...

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 d...

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://pu...

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 20...

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’ re...

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 disc...

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 X...

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 bas...

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 fr...

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 sur...

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 e...

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 mo...

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...

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 o...