Large-Scale Producers' Perceptions of, and Managerial Responses to, Increased Volatility

Surveys were conducted with participants in the 2008 and 2009 Top Farmer Crop Workshops at Purdue University. These large-scale commercial farmers were asked about changes in the availability of forward pricing contracts and its impact on their marketing program. These producers were also asked about their perceptions of input costs and their management responses to higher input costs, including flexible cash rents. Although these large-scale producers have used a more active management style in response to increased volatility, there is a need for additional education and assistance in both marketing and input acquisition.