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Higher input costs weigh on US farmers in Purdue, CME survey

In a survey of 400 farmers conducted in mid-September, 52% named higher input costs their top concern, a record high.

Reported · Written up by our desk · Agriculture

Higher input costs are pressuring US farmers and weighing on sentiment, according to the latest Purdue University, CME Group Ag Economy Barometer survey released Oct. 6, as reported by World Grain.

In the survey of 400 farmers conducted in mid-September, a record-high 52% of respondents cited higher input costs as their top concern, while the Index of Current Conditions fell after an 18-point drop.

Overall farmer sentiment weakened in September, with the index dropping from 135 points in August to 123. The Index of Future Expectations also fell 9 points, with 35% of respondents expecting their operation to be worse off financially a year from now.

The Long-Term Farmland Value Expectations Index reached a new high of 168, up 5 points from August. Purdue’s Michael Langemeier said the results reflect a growing split between near-term concerns about costs and longer-term expectations for farmland values.

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