Episodes
![Ag Barometer Insights: June 2024 Survey Results](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Tuesday Jul 02, 2024
Ag Barometer Insights: June 2024 Survey Results
Tuesday Jul 02, 2024
Tuesday Jul 02, 2024
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 month's Ag Economy Barometer survey was conducted from June 17-21, 2024.
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 2024 Ag Economy Barometer survey. The full report is available at https://purdue.ag/agbarometer.
Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.
![Farm Retirement & Succession Preparedness](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Tuesday Jun 25, 2024
Farm Retirement & Succession Preparedness
Tuesday Jun 25, 2024
Tuesday Jun 25, 2024
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 open communication to ensure both the business's sustainability and the family's cohesion. Listeners will gain valuable insights into effective strategies for balancing family dynamics and business goals during the succession process. This is the first episode in a 3-part series focused on succession preparedness.
Podcast provided by Purdue University's Center for Commercial Agriculture. Guests from the Purdue Institute for Family Business and the North Central Regional Center for Rural Development. Slides and the transcript from the discussion can be found at https://purdue.ag/agcast167.
![Improving Your Strategic Risk Plan](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Friday Jun 07, 2024
Improving Your Strategic Risk Plan
Friday Jun 07, 2024
Friday Jun 07, 2024
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 provided by Purdue University's Center for Commercial Agriculture. Slides and the transcript from the discussion can be found at https://purdue.ag/agcast166.
You can find the FULL video episode on our YouTube channel. Visit https://youtu.be/C3r5es8nJao to subscribe and watch.
![Ag Barometer Insights: May 2024 Survey Results](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Tuesday Jun 04, 2024
Ag Barometer Insights: May 2024 Survey Results
Tuesday Jun 04, 2024
Tuesday Jun 04, 2024
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 2% to 3% since the April survey was conducted. The improvement in prices aligned with good corn and soybean planting progress, which likely contributed to the sentiment improvement. This month's Ag Economy Barometer survey was conducted from May 13-17, 2024.
The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economist James Mintert shares some insight into the results of the May 2024 Ag Economy Barometer survey. The full report is available at https://purdue.ag/agbarometer.
Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.
![The Impact of Strategic Risks](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Friday May 31, 2024
The Impact of Strategic Risks
Friday May 31, 2024
Friday May 31, 2024
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 Agriculture. Slides and the transcript from the discussion can be found at https://purdue.ag/agcast164.
You can find the FULL video episode on our YouTube channel. Visit https://youtu.be/kxvuEVm8vFk to subscribe and watch.
![Importance of Managing Strategic Risks](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Friday May 24, 2024
Importance of Managing Strategic Risks
Friday May 24, 2024
Friday May 24, 2024
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 series focused on helping ag producers learn to manage strategic risks.
Podcast provided by Purdue University's Center for Commercial Agriculture. Slides and the transcript from the discussion can be found at https://purdue.ag/agcast163.
You can find the FULL video episode on our YouTube channel. Visit https://youtu.be/GbXtaQUecGY to subscribe and watch.
![Ag Barometer Insight: April 2024 Survey Results](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Tuesday May 07, 2024
Ag Barometer Insight: April 2024 Survey Results
Tuesday May 07, 2024
Tuesday May 07, 2024
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 conducted from April 8-12, 2024.
The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economist James Mintert shares some insight into the results of the April 2024 Ag Economy Barometer survey. The full report is available at https://purdue.ag/agbarometer.
Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.
![Navigating Farm Loan Interest Rates](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Friday Apr 19, 2024
Navigating Farm Loan Interest Rates
Friday Apr 19, 2024
Friday Apr 19, 2024
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 this episode, they unpack a series of recent FarmDoc articles dissecting the nuances of interest rates in ag loans across various groups of lenders, geographic regions, and different types of farms.
This podcast reviews three Farmdoc articles released by the guests: (1) Farm Loan Interest Rate Trends by Major Lender Group, (2) Farm Loan Interest Rate by Geographic Region, and (3) Do Different Types of Farms Pay Different Interest Rates?
Podcast provided by Purdue University's Center for Commercial Agriculture. The transcript from the discussion, as well as additional resources can be found at https://purdue.ag/agcast161.
![Ag Barometer Insight: March 2024 Survey Results](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Tuesday Apr 02, 2024
Ag Barometer Insight: March 2024 Survey Results
Tuesday Apr 02, 2024
Tuesday Apr 02, 2024
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 they expect their financial situation to improve modestly in the next 12 months. The March Ag Economy Barometer survey was conducted from March 11-15, 2024.
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 March 2024 Ag Economy Barometer survey. The full report is available at https://purdue.ag/agbarometer.
Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.
![Ag Barometer Insight: February 2024 Survey Results](https://pbcdn1.podbean.com/imglogo/image-logo/8184573/PodcastArtwork_iTunes1400x1400_300x300.jpg)
Tuesday Mar 05, 2024
Ag Barometer Insight: February 2024 Survey Results
Tuesday Mar 05, 2024
Tuesday Mar 05, 2024
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 the Current Conditions Index was unchanged, both compared to a month earlier. Although farmers’ expectations for the future improved in February, their financial performance expectations did not. February’s Farm Financial Performance Index reading of 85 was 1 point lower than in January and 13 points below its most recent peak in December. Weak crop prices continue to weigh on financial expectations as mid-February Eastern Corn Belt cash prices for corn and soybeans were 7 and 8% lower, respectively, than two months earlier when the December survey was conducted. The February Ag Economy Barometer survey was conducted from February 12-16, 2024.
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 February 2024 Ag Economy Barometer survey. The full report is available at https://purdue.ag/agbarometer.
Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.