Farmer Sentiment Down 30 Percent Since November 2020
Volatilty in commodity markets combined with historic increases in crop input prices are leading farmers and ranchers down a road of growing pessimism.
Tag: Purdue Center for Commercial Agriculture
U.S. Exports More Pork Than Beef and Poultry
It’s no surprise that exports are an important market outlet for U.S. pork production. But did you know that exports are even more important to the pork industry than they are to either the beef or poultry industries?
Despite Recent Price Declines, Producers Slightly More Optimistic
Farmers and ranchers appear to be slightly more optimistic about the agricultural economy, according to the latest results from the August Purdue University/CME Group Ag Economy Barometer.
Labor Shortage Means Declining Optimism for Producers
According to the latest Purdue University/CME Group Ag Economy Barometer released earlier this week. two-thirds of all respondents admitted to having either some or a lot of difficulty in hiring adequate labor: a two-fold increase over one year ago.
Expectation for Higher Input Costs Drives Producer Pessimism
Nationwide, producers are expecting input costs to rise at a rate of 8 percent or more in the upcoming year, which would be more than four times the average rise over the last 10 years.
More Producers Expecting Tougher Times in Next Five Years
According to the latest data from the Ag Economy Barometer, producers’ expectations for good versus bad times in U.S. agriculture have undergone a marked shift over the last several months.
Majority of Producers Concerned About Proposed Tax Changes
According to Dr. Jim Mintert, Director of the Center for Commercial Agriculture at Purdue University, producers remain very concerned about possible changes to U.S. tax policy.
Producer Plans for Machinery Purchases Beginning to Weaken
According to the latest data from the Ag Economy Barometer, more producers say they expect to reduce their machinery purchases and construction plans in the upcoming year.
With Uncertainty in Tax Law, Farmers Less Optimistic
Despite higher grain prices, it appears that producer optimism is fading according to the latest data from the Purdue University/CME Group Ag Economy Barometer.
Majority of Producers Concerned About Tax Policy Changes
Possible changes in U.S. tax policy are on the minds of ag producers, according to Dr. Jim Mintert the Director of the Center for Commercial Agriculture at Purdue University.
Latest Purdue/CME Group Ag Economy Barometer Steady
Though producers are becoming more optimistic about the future, their views on the current conditions tell a slightly different story.
Farmers Optimistic About Future But Concerned With China
The Purdue University/CME Group Ag Economy Barometer rose 12 points in March to a reading of 177, marking the highest reading for the barometer since October 2020.
Ag Economy Barometer Soars to Six Month High
The Purdue University/CME Group Ag Economy Barometer rose 12 points in March to a reading of 177, marking the highest reading for the barometer since October 2020.
Few Understand Financial Opportunities Through Carbon Credit Capture
President Biden has identified climate change as a top priority for his administration and interest in capturing carbon on farms that agree to follow specified production practices is increasing. To learn more about this, the Purdue/CME Group Ag Economy January barometer survey included questions related to carbon capture.
Farmers Short-term Expectations Improving, Fewer Facing Financial Stress
Producers are becoming more optimistic about short-term expectations for their farms’ financial performance, with nearly one-third expecting better financial performance in the coming year compared to 2020.
Future Expectations Dragging Purdue Ag Economy Barometer Lower
Since its peak in October of 2020, the Ag Economy Barometer has fallen 9 percent, attributable to weaker expectations for the future.
Growing Interest for Hemp Fueling Demand for Education
What is the newest old crop today? According to USDA, it’s hemp.
Feedlots Could Find Path to Profitability in 2021
COVID-19 and fluctuating fed cattle and feed prices resulted in another challenging year for cattle finishers. But current breakeven and fed cattle price projections suggest that net returns may close in on breakeven prices by July.
Farmers Likely to Increase Machinery Purchases in 2021
As crop prices improve, farmers and ranchers appear more optimistic to make large investments in their operations.
Farmer Optimism Improves on Rally in Crop Prices
There was a modest improvement in producer sentiment according to the December Purdue University/CME Group Ag Economy Barometer.
Biden’s Potential Climate Tariffs Might Require Congressional Approval
What will trade policy look like beginning in 2021? According to Russell Hillberry, Purdue University Professor of Agricultural Economics, the question is not all that easy to answer.
After Election, Farmer Sentiment Towards Future Turns Sour
The Purdue University/CME Group Ag Economy Barometer dropped 16 points to a reading of 167 in November, down from its all-time high set just one month ago.
Top Farmer Conference Latest to Join Virtual Ranks
The Purdue Top Farmer Conference is the latest farmer-event to move to a virtual platform.
Cattle Feeders See Lure of Profitability Next Year
According to a new article from the Center for Commercial Agriculture, cattle feeders could be close to longterm profitability again.
Farmers Expecting More Cover Crop Acres This Fall
In preparing for the most recent Purdue University/CME Group Ag Economy Barometer, farmers across the country were asked about the use of cover crops.
Most Farmers Passing on Virtual Farm Show Opportunities
With so many events choosing to go virtual rather than in person, respondents of the recent Purdue University/CME Group Ag Economy Barometer were asked whether they have attended an online program and, if so, what aspects they liked and disliked.
Organic Producers Struggle But Report Higher Net Returns
Farmers who transition from conventional to certified organic grain report higher net returns per acre, that’s according to a recent report from Purdue University’s Center for Commercial Agriculture.
Purdue/CME Group Ag Barometer Ticks Higher in August
Farmer sentiment improved markedly in August as the Purdue University-CME Group Ag Economy Barometer rose 26 points higher than a month earlier.
Ag Economy Barometer: Long-term Optimism Beginning to Fade
Two-thirds of producers responding to the August Purdue University/CME Group Ag Economy Barometer survey said they believe Congress should provide additional economic assistance to farmers in 2020 to help offset the impact of COVID-19 on agriculture.
Farmer Sentiment Remains Stable, Though Well Off Highs
Farmer sentiment was virtually unchanged in July in comparison to a month earlier, according to the latest Purdue University/CME Group Ag Economy Barometer.