Seventy-two percent of producers in the latest Ag Economy Barometer say it’s a bad time to make large investments in their farming operation.
Jim Mintert, director of the Purdue University Center for Commercial Agriculture says of the respondents who say it’s not a good time to make investments, “45 percent of the people in the survey said it was because of the increase in prices for farm machinery and new construction.”
Nearly 30 percent of farmers surveyed said rising interest rates were the primary reason for it being a poor time for making largest investments.
