Ag Economy Barometer

Many farmers expect cost increases will last into 2023

A significant number of America's biggest farmers expect this year's sharp increases in the price of fertilizer, pesticides and machinery parts to continue in 2023, said Purdue University on Tuesday. Three of every four producers polled for the monthly Ag Economy Barometer said they expected farm input costs to rise by at least 20 percent this year, while more than one-third said they expected 2023 crop input prices to be at least 10 percent higher.

Poor or no internet for 3 in 10 of largest U.S. farmers

A sizable portion of America's largest farmers "are unable to take advantage of many applications and services" on the internet because they don't have a connection or it is of poor quality, said a Purdue University survey released on Tuesday. The gap in access exists at the same time the sector is embracing precision agriculture technology such as GPS guidance of tractors and combines.

Farmer confidence sours amid rising costs, income squeeze

Despite high farm income in 2021, farmer confidence has been on a nearly unbroken decline since last April, said Purdue University on Tuesday. "Producers expect financial performance in 2022 to be much weaker than in 2021," said the monthly Ag Economy Barometer, pointing to rising costs and difficulties in acquiring pesticides, fertilizer and machinery parts.

Farmers’ sentiment rebounds from low, but worries persist

Large American farms are more confident of weathering the coronarvirus pandemic but nearly two-thirds of them say Congress should provide more assistance beyond the $16 billion already earmarked for agriculture, said Purdue University on Tuesday. Some 27 percent of producers surveyed for Purdue's monthly Ag Economy Barometer said they were "very worried" about the impact of the virus on their farm's profitability. (No paywall)

With agreements in hand, fewer farmers expect trade war payments

Farmers are optimistic about the resumption of trade with China and, as a result, fewer of them believe the Trump administration will send trade war payments to producers this year, said a Purdue University poll on Tuesday. Fewer than half of the producers contacted by the Ag Economy Barometer said they anticipated payments this year, compared to nearly six out of 10 last fall.

‘Quite large’ amounts of corn and soy land were not planted

One out of every 10 corn farmers was unable to plant 25 percent or more of intended corn acreage due to the wettest spring in a quarter-century, according to a survey by Purdue University. Soybean plantings also were smaller than planned, with 9 percent of growers saying they were unable to …

‘New NAFTA’ helps alleviate farm income fears

Six in 10 respondents to a Purdue poll on farmer confidence said the United States-Mexico-Canada Agreement had either completely or somewhat relieved their concerns about their income over the next year.

USDA: Farm anxiety understandable, aid package will ease it

The administration’s aid package for farmers will shield U.S. agriculture while President Trump negotiates new and fairer trade deals, said a USDA spokesman on Wednesday.

Farmer confidence lowest in a year due to trade turmoil

Farmers are increasingly dour about the outlook for U.S. farm exports, with 27 percent expecting lower soybean prices in the year ahead — nearly double the figure from a month earlier, said a Purdue University poll of 400 producers.

Farmer confidence fades over trade concerns

Nearly twice as many producers believe there is a risk of a trade war that will significantly damage farm exports as say that risk is low, according to a Purdue University poll of farmers and ranchers.

More farmers expect bad times in the year ahead

The Ag Economy Barometer dropped to its second-lowest reading of 2017, pulled down by pessimism about conditions in the coming year, says Purdue University.

Farmers strongly favor renegotiation of NAFTA

U.S. farmers and ranchers, who voted overwhelmingly for President Trump last fall, solidly support renegotiation of the North American Free Trade Agreement, says a Purdue University survey of producers, despite farm groups’ fears of a disruption in trade. The monthly Ag Economy Barometer said …

Farmer sentiment darkens as commodity prices weaken

Just as the spring rally in futures prices brightened farmers' outlook, the summer slump in corn and soybean prices pulled down sharply on the Ag Economy Barometer, say Purdue economists. The monthly survey of producer sentiment fell by 17 points in August for a reading of 95, the lowest since the end of winter.

In debut, Purdue/CME barometer finds uptick in ag economy

The newly created Ag Economy Barometer will provide a monthly gauge of the sentiment of large-scale farmers, who produce the bulk of U.S. food and fiber, say its sponsors, the Center for Commercial Agriculture at Purdue U and CME Group, which operates futures markets. Some 400 large producers …