Other Ag News: High input costs and rising interest rates top concerns as farmer sentiment remains unchanged

High input costs and rising interest rates top concerns as farmer sentiment remains unchanged

Tuesday, December 6, 2022 - 12:00am

Unlike the two most recent presidential elections, the November mid-term election outcomes did little to swing farmer sentiment. The Purdue University/CME Group Ag Economy Barometer came in at a reading of 102 in November, unchanged from October. There was however a slight movement in both of the barometer’s sub-indices. The Current Conditions Index declined 3 points to a reading of 98, while the Future Expectations Index increased 2 points to a reading of 104. 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 after the U.S. mid-term elections Nov. 14-18.

Read the full article: High input costs and rising interest rates top concerns as farmer sentiment remains unchanged

Learn more about Agriculture in New York with Purdue University Agriculture News