|
 |
|
|
|||
|
 |
|
I Aug. 3, 2022
Source: Purdue University The Purdue-CME Group Ag Economy Barometer sentiment index rose 6 points in July to a reading of 103. Producers in this month's survey were somewhat more optimistic about both current and future economic conditions on their farms than they were in June. The Index of Current Conditions rose 10 points in July to 109 while the Index of Future Expectations rose 4 points to 100. Although all three indices rose this month, they were still 23-24% lower than a year earlier. Farm operators in this month's survey voiced concerns about several key issues affecting their operations with: *higher input prices (42% of respondents) receiving the number one ranking followed closely by *lower crop prices (19% of respondents), *rising interest rates (17% of respondents) and *availability of inputs (15% of respondents). The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted from July 11-15, 2022. To read the entire report click here. Tweet |
|
|
|
|
|
|
|
|
|||||||||||||
