Ilsoyadvisor Podcasts

Mike Boehlje, distinguished professor of agricultural economics at Purdue University Aired: November/December 2016 With market pressure expected to continue for the next few years, Mike Boehlje, distinguished professor of agricultural economics at Purdue University, encourages growers to focus on what they can control—and remember that they have tackled tough economic times before. “It’s time to pull out the old playbook, dust it off and become better about minding the details and making precise management decisions as we did under previous economic pressures.” Economists are optimistic about the long-term future, maintains Boehlje. Until then, growers need to focus on reducing per-bushel costs to maintain profits and working capital. “Our analysis shows continued tight margins through much of this decade, unless something unexpected happens to soybean demand or big issues with supply,” says Boehlje. “Our recommendation is to focus is on controlling costs and being a best-in-class, low-cost producer.”