Despite current cost-price squeeze, Purdue Ag Economy Barometer reflects optimism about future.

Ag Economy Barometer Holds Steady, But High Input Costs Remain a Top Concern for Farmers

According to James Mintert, Director of the Center for Commercial Agriculture, the Ag Economy Barometer is in a holding pattern, but there are interesting trends when comparing future expectations to current conditions. The Index of Future Expectations saw a 5-point rise from February, while the Index of Current Conditions was 2 points lower than the previous month and 25 points below the same time last year.

Despite this slight increase in the barometer, high input costs remain farmers’ top concern, followed by lower crop prices and higher interest rates. Michael Langemeier, Associate Director of the Center for Commercial Agriculture, noted that breakeven projections are slightly lower than last year due to many inputs already purchased. However, there are still concerns about potential fluctuations in fuel and labor costs.

In a survey conducted by Purdue University, farmers expressed their opinions on making large investments and the reasons behind their decisions. The number of farmers expressing poor prospects for farm profitability has risen from 7% last fall to 22% this month. Katie Dehlinger of Purdue University sees this as a sign of increased worries about a cost-price squeeze and uncertainty regarding farm profitability.

For more detailed information about the Ag Economy Barometer, including charts on responses to various questions, visit: If you wish to contact Katie Dehlinger directly, you can reach her at []( or follow her on Twitter at @KatieD\_DTN

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