Purdue University/CME Group's Economy Barometer shows dip, farmland value expectations remain steady

  • Investing.com
  • Stock Market News
Purdue University/CME Group's Economy Barometer shows dip, farmland value expectations remain steady

In the month of September, Purdue University/CME Group's Economy Barometer revealed a continued decline in agri-producer sentiment, with the index dropping to 106. This downward trend has been attributed to rising input costs, escalating interest rates, and falling crop and livestock prices.

Despite these challenges, the Farm Capital Investment Index saw a slight increase, reaching 39. This rise occurred even amidst hesitations around investment in the agricultural sector.

Interestingly, a significant portion of corn and soybean growers reported using cover crops, with over half of respondents indicating their usage. However, some farmers have chosen to discontinue this practice due to concerns around profitability and resource allocation.

In contrast to the overall dip in sentiment, both the Short-Term and Long-Term Farmland (NYSE: FPI ) Value Expectations Indices showed resilience. The short-term index remained steady while the long-term index saw an uptick. These trends suggest a continued faith in the value of farmland among agri-producers despite the current economic headwinds.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles