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As producer sentiment holds steady, farmers weigh in on rising input prices and farmland values
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As producer sentiment holds steady, farmers weigh in on rising input prices and farmland values
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Ag Economy Barometer falls for second month
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Wisconsin State Farmer
Rising input costs, labor concerns and an uncertain growing season is pushing farmer s anxiety upward and optimism about their farm s future downward.
The Purdue University/CME Group Ag Economy Barometer marks a second month of sharp declines, down 21 points to a reading of 137 in June. Producers were less optimistic about both current conditions on their farming operations as well as their expectations for the future.
The Index of Current Conditions dropped 29 points to a reading of 149, and the Index of Future Expectations fell 17 points to a reading of 132. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted June 21-25.
Ag Economy Barometer falls for second month; rising input costs causing concern for farmers
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