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[BUSINESS] · United States · 3 sources

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US farmer sentiment declines as input costs reach record concern

Ag Economy Barometer farmer sentiment input costs farmland values agricultural economy

US farmer sentiment declined in September, according to the Purdue University/CME Group Ag Economy Barometer. The index dropped to 123 from 135 in August, driven by an 18-point decrease in the Index of Current Conditions.

Rising input costs have become a primary concern for a record 52% of the 400 farmers surveyed. Financial outlooks are mixed; while the Index of Future Expectations fell by 9 points—with 35% of respondents anticipating worse financial conditions in a year—the Long-Term Farmland Value Expectations Index reached a new high of 168.

Michael Langemeier of Purdue’s Center for Commercial Agriculture noted a divide between near-term financial pressures and positive long-term expectations for farmland values. Other indices, including the Farm Financial Performance Index and the Farm Capital Investment Index, also saw declines.

Entities

CME Group · Michael Langemeier · Purdue University

Sources

Farmer sentiment falls as input costs hit record concern [www.thebeefsite.com]
Farmer sentiment falls as input costs hit record concern [www.thepoultrysite.com]
Farmer sentiment falls as input costs hit record concern [www.thepigsite.com]