Farmers sentiment improved in August despite concerns about rising costs, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the director of the Purdue Center for Commercial Agriculture.
“Farmers are still really concerned and a huge amount of that is related to what it’s going to cost to put in a crop or to make livestock ready for market,” he says. “Output prices are an issue as well and then on the consumer side, you bring in some concerns about inflation in general and so there’s just a lot of anxiety and unease out there.”
He tells Brownfield commodity prices in July and August aided farmer sentiment.