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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, December 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.
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.
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.
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.
