WEST LAFAYETTE, Ind. (RFD-TV News) — A recent poll of U.S. farmers shows producers are feeling more financial pressure as input costs weigh on their operations.
Purdue University analyst Michael Langemeier says farmers are becoming more cautious about the next 12 months, but remain optimistic about longer-term farmland values.
“Farmers are feeling more pressure on the economics of the operation today. That’s making them more cautious about the next 12 months. There’s an interesting counterpoint in this month’s data. Despite the decline in overall sentiment, the long-term farmland value expectations index reached a new high of 168. That’s a striking contrast. Farmers are telling us that they’re concerned about current input costs and their financial performance over the next year, while at the same time they continue to have very strong expectations for farmland values over the longer term.”
Langemeier says rapidly changing input costs are also causing some farmers to put off improvements that could boost profitability.
