Purdue Commercial AgCast Purdue Center for Commercial Agriculture

Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discussed the corn and soybean outlook following release of USDA's June 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.

The Ag Economy Barometer declined 20 points in May to 158 which is the lowest barometer reading since September 2020 when the index stood at 156. Both principal sub-indices, the Index of Current Conditions and Index of Futures Expectations, declined also. Reflecting expectations for a strong crop sector, two-thirds of corn and soybean producers expect farmland cash rental rates to rise in 2022 compared to 2021. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the May 2021 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from May 10-14, 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 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.

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.

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.

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.