Seven out of every 10 large-scale farmers and ranchers expect high inflation to persist into 2023 and 51 percent anticipate their operations will be worse off financially next summer than they are now, said Purdue University on Tuesday. Its Ag Economy Barometer, a monthly gauge of farmer confidence, fell to its second-lowest level since October 2016.
Nearly three of every 10 farmers with experience producing wheat and soybeans in one growing season say they will sow more winter wheat this fall, said a Purdue University poll on Tuesday. The practice, known as double-cropping wheat and soybeans, would mean larger wheat production in the United States and would help buffer the disruption in world food supplies created by Russia's invasion of Ukraine.
Supply-chain disruptions "haunt the nation's agricultural sector," with four of every 10 large-scale farmers and ranchers reporting difficulties in buying inputs ranging from fertilizer to farm equipment parts, according to a Purdue University survey released on Tuesday. Operators also increasingly expect to pay dearly for the goods.
More than half of America's big farmers expect prices for inputs such as fertilizer and fuel to soar by more than 12 percent in the coming year, a sign of inflation fears felt across the economy, said a poll released by Purdue University on Tuesday. The latest government report pegged inflation at 6.2 percent, the highest in three decades.
Despite publicity about carbon sequestration as a potential source of revenue, only a handful of America's largest farmers and ranchers are pursuing carbon contracts, said Purdue University on Tuesday. Less than 1 percent of large-scale operators polled for the monthly Ag Economy Barometer said they had discussed carbon contracts with any company, compared to 2 percent in Purdue surveys earlier this year.
Slightly more than half of the country's biggest farmers say they planted cover crops this year, indicating a broadening acceptance of the crops' benefits for soil health and the accompanying complication they bring to land management, said Purdue's Ag Economy Barometer on Tuesday. Cover crops received prominent attention this year as a potential way to earn money from a carbon contract while mitigating climate change on the farm.
America’s large-scale farmers and ranchers expect rampant inflation and sharply higher costs in the year ahead, said a Purdue University poll on Tuesday. The monthly Ag Economy Barometer said farmer confidence was at its lowest level in a year despite high commodity prices and large federal …
Farmer sentiment jumped to the highest level of the Trump presidency, with a nationwide survey finding farmers upbeat about the prospects for exports following the Phase I trade deal with China, according to the Purdue/CME Group Ag Economy Barometer released Tuesday. The Ag Economy Barometer …
Although farmers and ranchers overwhelmingly believe they will emerge as winners from the Sino-U.S. trade war, they also expect the Trump administration will send them billions of dollars in trade-war payments on 2020 crops yet to be planted, according to a Purdue University poll released Tuesday.
Farmers are increasingly pessimistic about financial conditions in coming months, with Purdue’s Ag Economy Barometer dropping by nearly 18 percent since last January.
Only four in 10 of the farmers polled for Purdue's Ag Economy Barometer say they expect the U.S. economy to grow in the year ahead, down sharply from the post-election euphoria that drove the monthly barometer to a record high in January. "Additionally, uncertainty regarding the future of agricultural trade, which an overwhelming majority of producers regard as important, could also be a concern for farmers when they consider future prospects," said the Purdue economists who run the barometer.
Purdue’s monthly survey of producers reported a small uptick in farmer confidence with the arrival of the spring planting season despite an undercurrent of pessimism about what corn and soybean prices will be at harvest time.
For the second month in a row, the Ag Economy Barometer declined, this time by 10 points, says Purdue University, based on a survey of 400 producers. Optimism zoomed with President Trump's election but has been on the decline since peaking at its highest-ever level in January.
Producers are worried about economic conditions in the farm sector and forecasts of a continued slump in farm income are eroding their confidence about the future, say Purdue University economists. The Purdue Ag Economy Barometer fell by 19 points during February, taking some air out of the "Trump bump" in farmer confidence that began in November and lifted producer sentiment to a record high in January.