Ag Industry’s 2022 Profit Outlook Unchanged According to Farm Futures Survey

Growers are still optimistic about profits after three consecutive turbulent growth cycles and continuous volatile markets. According to the August 2021 Farm Futures survey recorded from 737 growers, 39% of respondents think 2022 profits will stay on course while 29% expect profit margins to increase. Of the 32% of growers expecting profit losses, 85% said increased input costs were the leading factor for their lower profits expectations. 87% believe input prices will increase in Spring 2022 compared to Fall 2021. Get more insights from the survey.