Purdue Commercial AgCast

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 Economy Barometer, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from September 27-29, 2021. 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.

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 income projections are also discussed.

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.

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 below the very positive sentiment readings posted this past spring. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the August 2021 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from August 23-27, 2021. 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.

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, 2021 cash rental rates increased across all land quality classes. Download companion slides or a video recording at https://purdue.ag/webinar082021.

If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast.

 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more information on farmland values, cash rents and the farm economy, visit us at http://purdue.edu/commercialag.

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 http://purdue.edu/commercialag.

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 Economy Barometer survey, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from July 19-23, 2021.. 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 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, Research Scientist with the Ostrom Workshop. Finding a successor, determining a transition plan for the operational business and/or the land, and structuring the transfer process are discussed by the team on this episode.

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 Family Business’ YouTube channel.

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://purdue.edu/commercialag.

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 nationwide monthly survey of 400 ag producers. This month’s survey was conducted from June 21-25, 2021. 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.

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 for Commercial Agriculture. For more economic information and insights on the ag outlook, visit us at http://purdue.edu/commercialag.