Purdue Commercial AgCast

Ag Barometer Insight: September 2022

The Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier. These results stand in contrast with future expectations in September which were only 2% weaker than a year ago. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted from September 19-23, 2022, a week or more following USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE).  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 Impact from Rising Inflation and Interest Rates: September Update

Purdue agricultural economists Brady Brewer and Michael Langemeier discuss updated inflation numbers and interest rates and the impacts on agriculture in this episode. Farm inputs like fertilizer, diesel, machinery and building supplies are discussed, as well as capital investments like land and real estate, and how the cost of debt is affecting budgets and operating interest rates. They also discuss the choice of variable interest rate loans vs fixed interest rate loans, a decision many farmers may be facing.  Near the end of the conversation, they discuss the impact to net farm income prospects. Slides from the discussion can be found at https://purdue.ag/3fqPgeu.

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

Podcast provided by Purdue University's Center for Commercial Agriculture. For more farm information and news visit us at http://purdue.edu/commercialag.

10 Tips for Communications in Your Farm Business

Communication in any business is important, especially in your farm business when many times family is involved. Purdue ag economist Brady Brewer hosts a discussion with Purdue's Farm Succession Planning team that will provide you with 10 tips for better communication within your farm business. Team members Renee Wiatt, Family Business Management Specialist, Kelly Heckaman, Purdue Extension Area XI Director, and Heather Caldwell, Fayette County ANR Educator, discuss their tips for better communication with recognizing family roles, exploring feelings, discussing issues, responsibilities and goals, actively listening and transparency in this farm succession episode.

A pdf of the 10 Tips can also be downloaded from our website at https://purdue.ag/3T2QpYi. More farm succession and transition planning episodes can be found here. More resources can also be found at the Purdue Institute of Family Business. 

If you are enjoying the podcast, tweet us using #PurdueCommercialAgCast. Podcast provided by Purdue University's Center for Commercial Agriculture.

September Corn & Soybean Outlook Update

Purdue ag economists Michael Langemeier, Nathan Thompson and James Mintert broadcasted the September Crop Outlook webinar on Friday, September 16, 2022. The webinar featured information from USDA’s September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports along with current export and ethanol grind estimates. The webinar also included updated corn and soybean basis information, a first look at estimated corn and soybean breakeven prices for the 2023 crop and a comparison of flexible cash leasing of farmland to traditional fixed cash rent leasing.

 

Slides from the discussion can be found at https://ag.purdue.edu/commercialag/home/resource/2022/09/september-corn-soybean-outlook-update-2/

 

 

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 2022

The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading 117. The rise in the overall measure of agricultural producer sentiment was driven by increases in both the Index of Current Conditions, which rose 9 points to 118 and the Index of Future Expectations, which climbed 16 points to 116. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted between August 15-19, after USDA released both the August Crop Production and World Agricultural Supply & Demand Estimates reports. 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: 2022 Update

Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss the 2022 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 2022. Statewide, 2022 cash rental rates increased across all land quality classes. Download companion slides or view the video recording on our website here. 

https://ag.purdue.edu/commercialag/home/resource/2022/08/indiana-farmland-values-cash-rental-rates-2022-update-webinar/

 

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 agricultural economists Nathan Thompson and James Mintert recorded this podcast on August 12th. The team discussed the corn and soybean outlook following USDA's August World Agricultural Supply and Demand Estimates (WASDE) report and provided implications for crop marketing strategies. Updates on balance sheet estimates for both the 21/22 and 22/23 crop years, ethanol demand, ending stock estimates, corn and soybean basis were all discussed. 

 

Slides from the discussion can be found at https://ag.purdue.edu/commercialag/home/resource/2022/07/august-corn-soyb…outlook-update-2/

 

 

 

 

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 2022 Survey

The Purdue-CME Group Ag Economy Barometer sentiment index rose 6 points in July to a reading of 103. Producers in this month’s survey were somewhat more optimistic about both current and future economic conditions on their farms than they were in June. This month's survey was conducted from July 11-15, 2022. The Purdue University-CME Group 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 breaks down the results of the July 2022 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

Rising Interest Rates...Implications for Farmers

On this episode Purdue ag economists Brady Brewer and Michael Langemeier discuss inflation and interest rates in the agricultural sector as well as the agricultural credit markets. Gain more insight on interest rates, inflation and more!

 

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

Podcast provided by Purdue University's Center for Commercial Agriculture. For more farm information and news visit us at http://purdue.edu/commercialag.

 

Farm Succession: Roadmapping Your Farm Transition

On this episode Purdue ag economist Brady Brewer along with the Purdue farm transition team Maria Marshall, Renee Wiatt, and Kyle Weaver, discuss the importance and implementation of roadmapping in your farm succession process.

 

 

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.