Farmer Sentiment Weakens Amid Rising Concerns Of A Cost-Price Squeeze

For the third month in a row, agricultural producer sentiment weakened in October as the Ag Economy Barometer declined to 121, 3 points lower than a month earlier. The modest decline in the overall sentiment index occurred as a result of producers’ weaker perceptions regarding both current and future conditions in the production agriculture sector. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the October 2021 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. This month’s survey was conducted from October 18 to 22, 2021.