Producers are slightly more optimistic about their farms’ financial performance, according to the latest Purdue University/CME Group Ag Economy Barometer.
But, Purdue University’s Jim Mintert says farmers surveyed don’t expect commodity price strength to offset record high ag input costs.
“That’s reflecting the concerns people have about input costs because commodity prices in corn, wheat, soybeans, and cotton all look very positive,” he says. “…It looks like 2022 should be a pretty good year, but I think the concern people have is about input prices.”
The Farm Financial Performance Index rose four points to a reading of 87.
