The Purdue University/CME Group Ag Economy Barometer dropped from May to June. Michael Langemeier, the director of the Center for Commercial Agriculture at Purdue University, discussed the significance of these low numbers.
Langemeier expanded on the primary reason for farmers’ current unfavorable financial position. For him, there is one overwhelming answer: high input costs.
According to him, there isn’t much optimism among farmers about the future of their financial situation. They do not expect positive changes in either the near or the far future.
However, Langemeier noted that farmers were more optimistic regarding farmland prices. He said this was relevant to both the long and short term.
For more information, visit ag.purdue.edu.
