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AgCast brings you conversations about the business of agriculture — from the farmers making decisions every day to the leaders shaping the industry. Hosted by Chad Fiechter and Todd Kuethe from Purdue University, each episode explores the challenges, opportunities, and strategies impacting the ag economy and the business of farming.
Episodes
Jan 26, 2023
Jan 26, 2023
29 min
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 risen more than others. Jayson shares why many livestock producers are scaling back, the effects of supply chain issues, and how food inflation is affecting consumer spending and preferences.
Podcast provided by Purdue University’s Center for Commercial Agriculture. You can find the CFDAS’s dashboards and the latest report by visiting the CFDAS’s website at https://ag.purdue.edu/cfdas. Slides from this discussion can be found at https://purdue.ag/3XWXZWI.
If you enjoyed this podcast, tweet us using #AgCast.
Jan 19, 2023
Jan 19, 2023
22 min
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 economy.
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 18, 2023
Jan 18, 2023
13 min
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 http://purdue.edu/commercialag.
Jan 17, 2023
Jan 17, 2023
14 min
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 Commercial Agriculture. More farm management news and information can be found at http://purdue.edu/commercialag.
Jan 13, 2023
Jan 13, 2023
1hr 57 sec
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’s Center for Commercial Agriculture. More farm management news and information can be found at http://purdue.edu/commercialag.
Jan 12, 2023
Jan 12, 2023
8 min
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 3, 2023
Jan 3, 2023
20 min
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 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.
Dec 28, 2022
Dec 28, 2022
17 min
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 agribusiness'. Having a written contract in place for production and marketing as well as carrying insurance are important strategies to transfer risk to a third party.
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 Agriculture. Find the rest of this farm risk management series and related resources at https://purdue.ag/farmriskmgmt. More information on strategic business planning is on the Purdue Institute for Family Business' website, https://purdue.ag/fambiz.
If you are enjoying the podcast, tweet us using #AgCast.
Dec 20, 2022
Dec 20, 2022
1hr 11 min
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.
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://purdue.edu/commercialag.
Dec 14, 2022
Dec 14, 2022
21 min
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 Risk Management, Maria Marshall, Renee Wiatt, and Kelly Heckaman join Brady Brewer to discuss contingency planning and human resource 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 Agriculture. Find the rest of this farm risk management series and resources at https://purdue.ag/farmriskmgmt. More information on contingency planning is on the Purdue Institute for Family Business' website https://purdue.ag/fambiz.
If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.