AgCast by Purdue Commercial Agriculture

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 La...

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, cor...

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...

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 expo...

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 baromete...

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 sur...

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 Comm...

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...

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 a...

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 Commer...

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 L...

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 ...

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 enj...

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 Commer...

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 com...

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 r...

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 Commerc...

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 wa...

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 ...

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 Comme...

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...

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 so...

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...

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 w...

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...