Purdue Commercial AgCast

Farm Succession: Retirement Planning

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 retirement living and similar to other businesses, a lawyer, a financial planner, an accountant, and other professionals may be of aid when retirement planning. Purdue ag economists Brady Brewer discusses retirement planning with the Purdue Farm Transition team, Kelly Heckaman, Jeff Pell and Denise Schroeder.

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.

May 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 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 Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.

Ag Barometer Insight: April 2021 Survey

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 waned. This month’s survey was conducted from April 19-23, 2021. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the April 2021 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. 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: Contingency Plan

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 #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.

April 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 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 Commercial Agriculture. For more information on the current ag outlook and farm economy, visit us at http://purdue.edu/commercialag.

Ag Barometer Insight: March 2021 Survey

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 the results and give some insight into the March 2021 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. 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.

Planting Intentions & March 31st Outlook Update

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 soybean outlook in light of USDA's March Prospective Plantings and Grain Stocks reports. What does this mean for you?

The Prospective Plantings 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.

The Value of Farm Data

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 are enjoying the podcast, tweet us using #PurdueCommercialAgCast.

 

Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on farm data and agriculture, visit us at http://purdue.edu/commercialag.

Farm Succession: Operating Agreements

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 well as buy/sell agreements. Find the rest of this series at https://purdue.ag/3lnl6I0 and more information on farm succession planning on the Purdue Institute for Family Business’ YouTube channel.

March Corn & Soybean Outlook Update

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 farm economy by visiting the Purdue Center for Commercial Agriculture's website at https://purdue.ag/webinar031021.