According to the Purdue University/CME Group Ag Economy Barometer, farmers’ attitudes lowered in January as the barometer decreased 6 points. This marks the second lowest it has dropped since July 2020.

The decrease is mainly caused by poorer perceptions of current situations, including worries of increasing input costs and supply chain issues, and is indicated by a 13-point drop in the Index of Current Conditions.

While future expectations showed little change, decreasing only 2-points, it continues a weak trend dating back to September 2021. In Contrast, from January through August of 2021, the Future Expectations Index was at least 30-points higher than it is now.

The Purdue University/CME Group Ag Economy Barometer is created using 400 telephone surveys of U.S. agricultural producers.

Source: Ag Economy Barometer