Purdue Commercial AgCast

Farm Succession: Conflict Management for Transition Planning

In this fifth episode of our series about Farm Transition Planning, we focus on conflict management – what is conflict, what causes it, how do we handle it within a farming business to come to a resolution. Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Renee Wiatt, Dr. Maria Marshall and Heather Caldwell discuss the levels and sources of conflict within today’s farm businesses. Working together as a team, possibly across generations of families, the team reviews how to resolve conflict and not avoid it. Find the companion episodes in this series at https://purdue.ag/2WzLZN3 and the YouTube channel on farm succession planning.

December Corn & Soybean Outlook Update

In this episode, Purdue agricultural economists Michael Langemeier, Nathanael Thompson, and James Mintert discussed USDA’s December Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. As the end of the year is nearing, the Purdue team reviews information released in the USDA reports and looks ahead at what next year may have in store regarding potential profitability estimates for corn and soybeans. 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/webinar121120.

December 2020: USDA Farm Income Forecast Update

In this episode, Purdue agricultural economists James Mintert and Brady Brewer discuss the latest December release of the USDA Farm Income Forecast report. Each year, United States Department of Agriculture (USDA) forecasts farm income in February and then releases additional updates throughout the year as more data becomes available. This Purdue Commercial AgCast episode discusses the latest updates to the 2020 forecast released by USDA on December 2nd. In an earlier episode, we share more about how to interpret the adjustments - find that episode at 'Understanding USDA Farm Income Forecasts'.

Ag Barometer Insight: November 2020 Survey

U.S. farmers' sentiment weakened following the November 2020 elections, as the Purdue University-CME Group Ag Economy Barometer fell 16 points from a month earlier to a reading of 167. The decline in the Ag Economy Barometer was the result of weakened expectations for the future on the part of agricultural producers. Purdue ag economists James Mintert and Michael Langemeier review the results and give their insight into the November 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 agricultural producers. The full report is available at https://purdue.ag/agbarometer.

Crop Cost and Returns

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. Purdue ag economists Michael Langemeier and Brady Brewer discuss the latest numbers from the Purdue Center for Commercial Agriculture's decision tool along with tips on how to use this tool to make farm operating decisions. The guide tool discussed in this episode can be accessed and downloaded at https://purdue.ag/budget2021.

November Update on the Crop Outlook

On this episode, Purdue agricultural economists Nathanael Thompson and James Mintert discussed USDA’s November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. They provide updates on key changes in USDA's corn and soybean balance sheet, implications on the ag trade outlook and marketing strategies, and updated potential profitability estimates for 2021. Find more information on the current crop outlook by visiting the Purdue Center for Commercial Agriculture's website at https://purdue.ag/webinar111120.

Ag Barometer Insight: October 2020 Survey

Farmer sentiment hit a new record high in October as the Purdue University-CME Group Ag Economy Barometer climbed to a reading of 183, a 27-point increase compared to September. The reading easily eclipsed the previous record high set back in February, before the pandemic’s onset. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the October 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer.

Farmer Adoption of Enhanced Conservation

What are and what drives the adoption of "enhanced conservation practices" on the farm? In this episode, Purdue agricultural economists Allan Gray and Brady Brewer discuss their recent research that examines the adoption practices of enhanced conservation practices. This study consisted of focus groups with farmers and agricultural retailers across the Midwest. Dr. Gray and Dr. Brewer discuss what constitutes an enhanced conservation practice according to the study participants along with what drives producer adoption and how retailers view their role in helping farmers analyze what practices they may benefit from adopting. Find out more about the research discussed at https://purdue.ag/3kxkdeC.

October Corn & Soybean Outlook Update

Purdue agricultural economists Michael Langemeier and James Mintert discussed United States Department of Agriculture’s October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. This podcast provides information released in the USDA reports and updated profitability estimates and marketing strategies for both corn and soybeans. Find more information on this outlook by visiting the Purdue Center for Commercial Agriculture's website at https://purdue.ag/webinar100920.

Ag Barometer Rises as Crop Prices Rally and USDA Announces CFAP 2

U.S. agricultural producers became more optimistic again in September as the Purdue University-CME Group Ag Economy Barometer climbed to 156, the highest reading for the index since the pandemic began last winter and 12 points higher than one-month earlier. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the September 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer.