Agricultural producers’ sentiment weakened in September as the Ag economy barometer fell 14 points to 124. This is the weakest peasant sentiment measurement since July 2020, when the index was 118. Producers were not optimistic about the current and future situation. Farms and agriculture sector than a month ago. Farmers’ expectations for inflation in farmers’ input prices have skyrocketed, with more than one-third of respondents expect input prices to rise by more than 12% next year. Farmers’ optimism about the future growth of agricultural exports continues to decline, which, combined with concerns about pressure on operating profits, can contribute to farmers’ weak sentiment. However, farmers remain bullish on the value of farmland. Purdue University-CME Group Ag Economy Barometer Sentiment Index is calculated monthly from responses from 400 US farmers to a telephone survey.
September Ag Economy Barometer Decline-WOWO1190 AM
Source link September Ag Economy Barometer Decline-WOWO1190 AM