Farmer sentiment drops as concerns about input costs increase
The September Purdue University/CME Group Ag Economy Barometer fell to 123 from 135 in August, with an 18-point drop in the Index of Current Conditions as 52% of surveyed farmers cited higher input costs as their top concern, a record high. Forward-looking gauges were mixed: the Index of Future Expectations fell 9 points and the Farm Financial Performance Index dropped from 103 to 90, while the Long-Term Farmland Value Expectations Index hit a record 168.
Key figures
- Survey respondents
- 400
- Ag economy barometer
- 123
- Barometer prior month
- 135
- Input cost top concern share
- 52%
- Long term farmland value index
- 168
- Current conditions index change
- -18 points
- Farm financial performance index
- 90
- Future expectations index change
- -9 points
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.