More than 20 percent of farmers surveyed expect to have a larger farm operating loan this year compared to 2022, according to the latest Ag Economy Barometer.
Jim Mintert is the director of the Purdue University Center for Commercial Agriculture.
“Eighty percent of those farmers who expect to have a larger loan say it’s because of higher input costs,” he says.
The 22 percent of respondents expecting to have a larger farm operating loan is down from the 27 percent who expected to have a larger loan last January.
