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Ag Economy Barometer falls for January

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Farmer sentiment declined for January as commodity prices weakened, according to the latest Purdue University/CME Ag Economy Barometer.

Jim Mintert with Purdue’s Center for Commercial Agriculture says the January reading of 106 is 8 points below December and 24 points below year-ago levels, “There’s a growing recognition that ’24 is not going to be nearly as good as 2023, at least as it stands today. People are worried about a cost/price squeeze and they continue to worry about the high price of inputs.”

He tells Brownfield farmers’ concern about lower commodity prices is on the rise, “This is the first month when the percentage of people chose lower crop and livestock prices just as frequently as they chose higher input cost.

Ag Economy Barometer falls for January

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