Input Cost Concerns Lower Ag Economy Barometer

According to Purdue University and the CME group, the Ag Economic Barometer dipped in May to its lowest level in two years. The cause? Farmer and rancher perceptions surrounding present conditions and future expectations of their farms. The Index of Current Conditions dropped 26 points to 94, while the Index of Future Expectations fell 21 points to a reading of 101.

Even as high commodity prices remain, sentiments have lowered due to record inflation and uncertainty about where the ag economy is headed. Of the 400 producers surveyed, 44% say high input costs are their biggest concern facing their operation.

Read more on the Ag Economy Barometer here.