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Balanced Reporting. Trusted Insights.
Tuesday, May 24, 2022
Farmers and ranchers are increasingly worried about supplies of key inputs for the upcoming growing season, lowering a measure of producer sentiment to the lowest point since the early days of the COVID-19 pandemic.
Farmers' outlook improved modestly last month ahead of the Russian invasion of Ukraine, but growers remain worried about soaring input costs, according to a monthly survey.
A majority of consumers blame pandemic-related disruptions for the sharp rise in meat prices that has taken place over the past two years, according to a new Purdue University survey.
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.
Now that congressional Democrats have to slash their $3.5 trillion Build Back Better spending plan, the attention is turning to what gets eliminated or cut, and by how much.
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.
House Democrats are moving ahead this week with debating key provisions of the $3.5 trillion tax and spending package. The House Ways and Means Committee has announced plans to take up the health care, paid leave and child care provisions Thursday and Friday. That would push its action on tax issues into next week.
As the country, including the food and agriculture sector, continues to grapple with racial injustices brought into focus in 2020, the historically Black land-grant colleges and universities are gaining attention.