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Farmer sentiment rises in July, despite lingering input cost concerns
['Ryan Daily']
AgTechNavigator.com
Overall, farmer sentiment rose to 126 points in July from 113 in June, following three months of declines.
The farmer index of current condition rose to 122 in July, while the index of future expectation hit 129, Purdue reported.
Additionally, the farm capital investment index rose to 50, the highest point since March.
“Stronger crop prices during the survey period likely contributed to the improvement we observed in both farmer sentiment and the farm capital investment index.
At the same time, producers continue to wrestle with high input costs and uncertainty about future crop and livestock prices.