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Shining Light on Farm & Food Policy for 20 Years.
Saturday, May 04, 2024
The Purdue University/CME Group Ag economy barometer fell in November, as producers expressed concerns about growing production costs and fluctuating commodity prices, according to a release.
A monthly measurement of the state of mind in farm country dropped for the second month in a row in October as farmers signaled concerns about the possibility of sharp increases to the prices of key inputs.
A measure of the state of mind in farm country is at its lowest point since July 2020 as producers report less optimism about their current and future circumstances and signal concerns about the impact of inflation on their operations.
Farmers’ worries about current conditions and their farms' financial performances started to ease in August, according to the monthly Purdue University/CME Group Ag Economy Barometer.
The Purdue University/CME Group Ag Economy Barometer for July indicated that farmers are slightly concerned about rising input prices and current conditions, but remain cautiously optimistic compared to this time last year.
The Purdue University/CME Group Ag Economy Barometer was down again in June, as farmers were feeling less optimistic about the state of their current and future production operations due to rising input costs.
A survey of producer sentiment in May reveals the lowest overall reading since September 2020 and declines in several areas, however, producers expect farmland values to rise over the next five years.
A monthly survey of the state of mind for producers shows respondents have fairly consistent views about their current status but have growing concern about what lies ahead.
Farmers painted a slightly more optimistic picture of their expectations in December but still have a handful of policy concerns as the country prepares for a new administration and Congress.