Modest improvement in farmer sentiment, yet financial concerns loom
WEST LAFAYETTE, Ind., March 5, 2024 /PRNewswire/ -- The latest Purdue University/CME Group Ag Economy Barometer reveals a modest increase in farmer sentiment compared to the previous month, though concerns remain regarding farm financial performance in the year ahead.
- WEST LAFAYETTE, Ind., March 5, 2024 /PRNewswire/ -- The latest Purdue University/CME Group Ag Economy Barometer reveals a modest increase in farmer sentiment compared to the previous month, though concerns remain regarding farm financial performance in the year ahead.
- Despite their improved outlook for the future, farmers' financial performance expectations did not keep pace.
- February's Farm Financial Performance Index registered at 85, a slight dip from January and notably lower than its recent peak in December.
- Producers expressing reluctance toward making large investments highlighted concerns over high production costs and weak output prices.