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(Part 1) Indiana Farmland Values 2023 Update, AgCast 141 video podcast thumbnail

Key Resources

May 24, 2024

Advancements in production agriculture continue to accelerate making the business environment more complex and creating a significant need for a forward-thinking mindset. Develop an integrated risk management approach and build a strategic plan now.

Corn & Soybean Basis Continue to Strengthen Despite Being Significantly Weaker than Historical Basis Levels

May 9, 2024

In recent weeks, corn basis has continued to strengthen steadily at many locations across the eastern Corn Belt. For example, corn basis in central Indiana for the second week of May was $0.22/bu. under July ’24 corn futures. This is $0.13/bu. stronger than the first week of March.

Farmer sentiment declines to lowest level since June 2022 amid weakened financial outlook

May 7, 2024

Farmer sentiment declined sharply in April, as indicated by the Purdue University/CME Group Ag Economy Barometer, which fell 15 points from March to a reading of 99. Purdue ag economist James Mintert shares some insight into the results of the April 2024 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.

Navigating Farm Loan Interest Rates

April 19, 2024

Host Brady Brewer, accompanied by guests Dr. Jennifer Iftt, Dr. Noah Miller, and Dr. Gerald Mashange, explore how agricultural loan interest rates vary among lenders. In this Purdue Commercial AgCast episode, they unpack a series of recent FarmDoc articles dissecting the nuances of interest rates in ag loans across various groups of lenders, geographic regions, and different types of farms.

Interest Rate Dilemma – Fixed or Variable

April 12, 2024

The current farm demand for long-term loan products seems to suggest some farm borrowers are anticipating lower future interest rates. Farm borrowers should carefully consider their exposure to interest rate changes when choosing long-term loan products.

Corn & Soybean Basis Steady to Slightly Stronger Across the Eastern Corn Belt

April 11, 2024

In recent weeks, corn basis has been steady to slightly stronger across much of the eastern Corn Belt. For example, corn basis in central Indiana for the second week of April was $0.18/bu. under May ’24 corn futures.

International Benchmarks for Wheat Production (2024)

April 4, 2024

Examining the competitiveness of wheat production in different regions of the world is often difficult due to lack of comparable data and agreement regarding what needs to be measured. To be useful, international data needs to be expressed in common production units and converted to a common currency.

Farm Resilience, Management Practices, and Producer Sentiment: Segmenting U.S. Farms Using Machine Learning Algorithms

April 4, 2024

Margaret Lippsmeyer, Michael Langemeier, James Mintert, and Nathan Thompson segment U.S. farms by farm resilience, management practices, and producer sentiment. This paper was presented at the Southern Agricultural Economics Meeting in Atlanta, Georgia in February.

Crop Budget Spreadsheet

April 4, 2024

This spreadsheet can be used along with the Purdue Crop Cost & Return Guide to examine gross revenue, costs, and earnings for crop enterprises. The user can evaluate up to three full-season crops, and the wheat double-crop soybean system. Updated April 2024.

Farmer sentiment improves as interest rate expectations shift

April 2, 2024

U.S. farmers’ perspective on the future improved in March helping to push the Purdue University-CME Group Ag Economy Barometer up 3 points from February to a reading of 114. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the March 2024 Ag Economy Barometer survey on this Purdue Commercial AgCast episode.