As producer sentiment holds steady, farmers weigh in on rising input prices and farmland values
The Index of Current Conditions was down 6 points to a reading of 143, primarily as a result of weakened principal crop prices.
- The Index of Current Conditions was down 6 points to a reading of 143, primarily as a result of weakened principal crop prices.
- "Producers' sentiment regarding their farms' financial condition was more optimistic when prices for corn, soybeans and wheat were surging last fall, winter and early spring.
- Still, recent sentiment readings suggest farmers remain cautiously optimistic about financial conditions on their farms."
- Farmers remain optimistic about farmland values, although recent value increases could make some producers more cautious about where land values are headed in the next one to five years.