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Balanced Reporting. Trusted Insights.
Friday, May 20, 2022
Farmer sentiment improved in April with commodity prices spiking amid Russia’s war in Ukraine, but producers increasingly worry about the steep increases in input costs, a monthly survey shows.
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.
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.
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.
Fifty-two percent of producers nationwide are less optimistic about their farm’s financial future compared to 2018, according to this month's Purdue University/CME Group Ag Economy Barometer.
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.
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