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Balanced Reporting. Trusted Insights.
Wednesday, May 18, 2022
Farmer sentiment weakened in January on worries about rising input costs and continued supply chain disruptions, according to the monthly Purdue University/CME Group Ag Economy Barometer.
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.
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.
A measurement of the state of mind in farm country is at an all-time high as producers report optimism about future financial conditions due to a recent commodity market price rally and another round of direct payments from the Department of Agriculture.
The nation’s producers are at their most optimistic since the onset of the COVID-19 pandemic earlier this year based on improved expectations for commodity prices and U.S. agricultural trade.
Agricultural producer sentiment rose slightly last month after a big dip in July, according to the latest Purdue University/CME Group Ag Economy Barometer reading.
