Farmers are uneasy due to rising interest rates

The latest Ag Economy Barometer is out and it shows farmers are concerned about increased interest rates.

The latest Ag Economic Barometer was released today and it shows rising interest rates are contributing to uneasiness among farmers.

The index drifted lower to a reading of 112, which is five points lower than September. That decline in farmer sentiment is mainly due to producer’s weaker perception of current conditions, which dropped to 109

The index of future expectations also declined by three points to a reading of 113.

This month’s Farm Financial Performance Index was unchanged from last month but is still 10 percent lower than this time last year.

Purdue University Professor of Ag Economics, Dr. Jim Mintert spoke with RFD-TV’s own Suzanne Alexander about what contributed to the lower reading, what is driving to the trend of a lower Farm Capital Investment, and his big takeaways from the report.