Many farmers are saying now is not a good time to make large investments in their operations.
Ag Economist Jim Mintert tells Brownfield the latest Purdue University/CME Group Ag Economy Barometer is pointing to supply chain issues.
“Over 40 percent of the people in the survey have been telling us tight farm machinery inventories are impacting their investment decisions,” he says. “That’s one factor and I think that’s spilling over into farm construction as well.”
The survey shows that the Farm Capital Investment Index was unchanged in April despite an improved financial performance outlook.
