Farmers surveyed in the latest Ag Economy Barometer say it’s a bad time to make large investments in their operations.
Jim Mintert, the survey’s principal investigator and director of Purdue’s Center for Commercial Agriculture, says rising interest rates are the primary reason producers have a bearish view.
“This month was the first time more people said that it was a bad time to make large investments because of rising interest rates than increases in prices for farm machinery,” he says.
