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Shining Light on Farm & Food Policy for 20 Years.
Monday, April 22, 2024
A monthly measurement of producer sentiment recorded a slightly higher score in February, but farmer and ranchers are still noting an elevated level of financial concern.
The latest Ag Economy Barometer reading moved a mere one point from its previous figure, but year-over-year comparisons offer a clearer picture of what farmers are thinking entering 2024.
The nation’s farmers and ranchers kept their opinions about the farm economy mostly unchanged in July, but mild upticks in optimism are included in a report measuring the state of mind in rural America.
Federal Reserve action to curb inflation is also having an impact on the business decisions of American producers, according to a panel of ag economy experts speaking Monday at the Agri-Pulse Ag and Food Policy Summit.
The Federal Reserve is aggressively raising interest rates in its fight to curb inflation, raising the cost of farm operating, equipment and real estate loans.
A measurement of the sentiment in farm country dropped for the second straight month as concerns about slipping prices emerge among the already-potent worries about the input costs producers will face in 2023.
A new survey of producers shows worries about the nation’s financial policy are swelling as growers look to make plans for the 2023 growing season and strategize for the broader future of their operations.
