Perdue University
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.
Farmers growing skeptical of victory in Sino-U.S. trade war
American farmers were dogged supporters of President Trump's trade war with China, accepting as "patriot farmers" the pain of retaliatory tariffs in the belief Beijing would be forced to alter its trade practices. But they are becoming skeptical of victory: Only half of them believe the trade war will be resolved to their benefit and even fewer believe China will meet its "phase one" commitments negotiated with the Trump administration.
Farmer optimism is record high in a pandemic year of extremes
Farmers doubt China will meet phase-one target for ag imports
Coronavirus fears ease, but many farmers expect a worse year financially
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. <strong> (No paywall) </strong>
Coronavirus pummels farmer confidence for second month
A majority of large farmers and ranchers expect worse financial performance on their farms this year than in 2019, nearly twice as many as before the coronavirus became pandemic and mitigation efforts sparked an economic slowdown, said a Purdue University poll released on Tuesday. Purdue's Ag Economy barometer, a monthly gauge of farmer confidence, fell sharply for the second month in a row, to its lowest reading since October 2016.<strong>(No paywall)</strong>
Three-fourths of farmers fear coronavirus damage to their income