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Craig Haugaard

Grain Division Manager at Superior Ag and agricultural market reporter on the Financial Issues radio program.

Oct 15, 2026

13:40
Mm-hmm.
13:40
And, uh, James had made the comment there, "It's the economy, stupid." And really, I think that's what we're looking at, uh, again this year.
13:48
Uh, just to give you, the listeners w- a little background on what the farm economy is like.
13:53
Uh, back in, in January, Purdue University always looks at, uh, input costs and, and what you can sell crops for, and they put together a projected budget for the upcoming year.
14:04
So an average farmer in Indiana with looking at the Purdue budget, uh, w- we're in 1,000 acres of, of corn and soybeans.
14:13
Uh, with the numbers we saw back in January, would've sh- probably lost about $117,000 this year, uh, with the, the, where the costs were compared to what, uh, the prices of, of crops were.
14:25
Now, since then, we've rallied the, the price of the crops somewhat which is certainly helpful.
17:36
[laughs]
13:53
So what's going on? It sounds like they're trying to drum up another non-issue with the farmers, or is it real?
14:02
Well, it's maybe somewhat of an issue.
14:04
You're old enough to remember when Bill Clinton ran for president, he had an advisor by the name of James Carville.
14:10
And James had made the comment there, it's the economy, stupid.
14:14
And really, I think that's what we're looking at again this year.
14:18
Just to give the listeners a little background on what the farm economy is like, back in January, Purdue University always looks at input costs and and what you can sell crops for.
14:30
And they put together a projected budget for the upcoming year.

6 MINS LATER

21:03
If we don't, how would that affect the farmers? What happens? What happens if the Democrats take over the House and the Senate? How would the left-leaning politics affect farmers?
13:53
So what's going on? It sounds like they're trying to drum up another non-issue with the farmers, or is it real?
14:02
Well, it's maybe somewhat of an issue.
14:04
You're old enough to remember when Bill Clinton ran for president, he had an advisor by the name of James Carville.
14:10
And James had made the comment there, it's the economy, stupid.
14:14
And really, I think that's what we're looking at again this year.
14:18
Just to give the listeners a little background on what the farm economy is like, back in January, Purdue University always looks at input costs and and what you can sell crops for.
14:30
And they put together a projected budget for the upcoming year.

6 MINS LATER

21:03
If we don't, how would that affect the farmers? What happens? What happens if the Democrats take over the House and the Senate? How would the left-leaning politics affect farmers?

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