AFinancial stress is taking
its toll on farmers as seen in the latest Purdue University/CME Group Ag
Economy Barometer.
Jim Mintert, director
of Purdue’s Center for Commercial Ag, says farmers are less optimistic about
their financial future.
“60 percent said the
reason their operating debt was going up was an increase in input costs, which
was mostly fertilizer,” he says. “20 percent said it was because of an increase
in the size of the operation and 21 percent said it was because of unpaid
operating date from previous years.”
He tells Brownfield the recent flooding didn’t have a big impact on the survey, because the number of farmers affected by the flooding in the survey was small.
Continue reading Barometer: Farmers less optimistic about financial future at Brownfield Ag News.
