More than seven out of 10 farmers surveyed in the latest Ag Economy Barometer say it’s a bad time to make large investments in their operations.
Jim Mintert, director of the Purdue University Center for Commercial Agriculture, says it’s important to understand why producers are saying it’s not a good time.
“Overwhelmingly the top choice when we follow-up and ask people about that is the dramatic increase in prices that have taken place for farm machinery and new construction,” he says.
