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Balanced Reporting. Trusted Insights.
Tuesday, January 18, 2022
Producers offered an optimistic opinion for their current economic expectations while painting a more cautious picture of their future standing in a monthly report out Tuesday.
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.
CME Group is launching a new futures contract Aug. 1 that will be tied to the value of nature-based carbon credits, including those generated from agriculture.
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.
Water is now being traded on the CME Group's new index, but some California water managers and market observers are less confident the futures contract will offer much benefit.
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.
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