Farmer Sentiment Improves Despite Rising Costs
Farmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer index rose 14 points above its July reading to 117.
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Uncertainty Driving Farmer Sentiment
“It’s not really a reflection of weak economic conditions on the part of producers . . . It just really is reflecting this concern about the future and this uncertainty about the future. That has people on edge and has them worried about where we’re headed.”
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Ag Economy Barometer
Rising costs and uncertainty about the future continue to be a drag on farmer sentiment.
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Ag Economy Barometer slides lower, producers concerned about war’s impact on input prices
Ag Economy Barometer slides lower, producers concerned about war’s impact on input prices. (Purdue/CME Group Ag Economy Barometer/James Mintert).Download Photo WEST
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Farmers’ Moods Improve from January to February
More than 40 percent of producers in this month’s survey say that low farm machinery inventories are holding back their investment plans.
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Barometer: Worried Farmers Focus on Input Costs
Fifty-seven percent of producers who responded said they expect farm input prices to rise by 20 percent or more in 2022; 34 percent said they expect prices to rise by 30 percent or more.
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Low Inventories Influence Plans to Buy Farm Equipment
Nearly four out of 10 farmers who responded to the survey expect input prices to rise by more than 30 percent in the upcoming year.
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Worry Over Production Costs Mounts for Farmers
The Farm Capital Investment Index declined, which seems to be a function of supply chain problems as well as concerns about rising input costs.
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Fear of Cost-Prize Squeeze Weakens Farmers’ Moods
Rising input costs are on most producers’ minds.
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Machinery Purchase Plans Affected by Low Inventories
Fewer farmers this month said they planned to increase their machinery purchases than on the August survey. More than half say their farm machinery purchase plans have been impacted by low inventories.
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Farmer Sentiment Rises, Financial Outlook Remains Strong
Producers are becoming increasingly concerned about rising input costs. Thirty-nine percent of respondents said they expect input prices to rise by 8 percent or more.
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Farmers Expect Cooling Off Period in Machinery Buying
Nearly half of producers surveyed said they expect input costs to rise by at least 8 percent in the next year. Such costs have risen by 1.8 percent per year over the last decade.
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Farmers’ Reluctance to Build Weakens Investment Index
About a third of farmers expect farm input prices to rise by 8 percent or more in the upcoming year, which would be more than four times the average rise over the last 10 years.
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Barometer: Farmers Reluctant to Build
A drop in the Capital Investment Index for May is weighted by producers’ reluctance to invest in construction, which took a harder hit than their willingness to invest in equipment.
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Farm Financial Performance Index Hits Record High
Farmers expect a strong bottom line this year in spite of rising input costs. The data shows a greater willingness to buy equipment and attend in-person events.
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Farmers’ Moods Remain Positive
In March, producers continued to be relatively optimistic about making farm machinery purchases and capital investments in their farming operations.
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Farmers Remain Committed to Big Purchases
The Farm Capital Investment Index, which assesses farmers’ willingness to make significant investments, is the third-highest it has been since data collection began in 2015. It is 16 points higher than before the pandemic began.
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Farmers’ Willingness to Buy Remains Strong
The index that measures farmers’ willingness to buy equipment held strong at its record high of 93. The percentage of farmers expecting to increase their machinery purchases also held at its highest level of the last year.
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Ag Barometer: Farmers Ready to Buy
Farmers feel good about their financial positions, according to the Ag Economy Barometer. The Farm Capital Investment Index, which measures producers’ willingness to make big purchases, hit a record high in December.
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Farmers Pull Back Slightly on Plans to Buy Equipment
While farmers remained relatively optimistic about making large capital investments in their operations soon, the survey revealed shifts upward among groups intending to hang onto their equipment a bit longer or reduce purchases.
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Farmers’ Willingness to Invest in Capital Hits Record
Fewer farmers report a reluctance to spend on equipment and more report a likelihood that they will.
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Ag Barometer Rises to Record High – Improving Financial Conditions
The Purdue University/CME Group Ag Economy Barometer rose 27 points to a reading of 183 in October and set an all-time high for
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Farmers Feel Better About Ag Economy
The capital investment index, which reflects farmers’ willingness to make big purchases, rose to its highest reading in 2020.
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Farmers’ Willingness to Buy Trends Toward Positive
The barometer and its two sub-indices posted their most positive readings since February, when record highs were established and before the pandemic began. The Farm Capital Investment Index improved by five points.
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Farmers Share Thoughts on Mood to Buy, Info Sources
In this most unusual year, when farmers cannot kick the tires at farm shows, they are defining their preferences for getting business information.
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Farmers More Inclined to Invest in Capital
Farmers’ perspective regarding whether or not now is a good time to make large investments in their farming operation improved markedly over the last two months.
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Farmers Show Improved Willingness to Spend
The Ag Economy Barometer suggests farmers felt less cautious about big expenses in April than they did in May. The survey overall shows subtle improvements.
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Farmers’ Moods Reflect National Mood of Caution
Data released Tuesday shows that the optimism farmers felt after the 2016 election has all but faded as a result of uncertainty around COVID-19.
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Pandemic Sends Ag Economy Barometer Downward
The survey by Purdue University and the CME Group captured an anxiety among farmers that is indicative of the national mood.
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Optimism, Willingness to Invest, Build Among Farmers
The Farm Capital Investment Index, which assesses farmers’ willingness to invest in equipment and other capital, continues to strengthen.
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Farmers Feel Better About the Future
Farmers have become more optimistic about the future in past months. That optimism has not yet influenced their willingness to make capital investments.
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Farmers End 2019 More Willing to Invest
The Ag Economy Barometer drifted sideways in December, but the Farm Capital Investment Index concluded 2019 at the highest index value for the year.
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Farmers’ Willingness to Invest in Capital Hits 21-Month High
Agricultural economy sentiment in November matched its highest reading of 2019, which included a big bump in how willing farmers are to invest in equipment and other capital.
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Farmers Show Greater Willingness to Make Big Purchases
Producers who responded to the Purdue University survey in October thought more favorably about making big investments. The index rose to within eight points of its peak.
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Mainstreet Index Bounces Above Growth Neutral
The Rural Mainstreet Index for September climbed above growth neutral. The farm equipment-sales index also improved.
Read moreAg Economy Barometer: Willingness to Invest Improves
Concerns about economic conditions led to a dip in the Ag Economy Barometer from February to March. The Index of
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