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Shining Light on Farm & Food Policy for 20 Years.
Sunday, November 24, 2024
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.
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.
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.
Farmers’ worries about current conditions and their farms' financial performances started to ease in August, according to the monthly Purdue University/CME Group Ag Economy Barometer.
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.
The Purdue University/CME Group Ag Economy Barometer was down again in June, as farmers were feeling less optimistic about the state of their current and future production operations due to rising input costs.