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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Ag Economy Barometer
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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