In the August survey, 6% of corn and soybean growers said they have engaged in discussions with companies about receiving payments to capture carbon on their farms, while just 2% said they had signed a carbon contract. To better understand the usage of carbon contracts in row-crop agriculture, corn and soybean growers were asked about the types of conversations they have had with those companies.

When asked about their longer-term view of farmland values, more than 6 out of 10 (63%) respondents said they expect values to rise over the next five years, while 12% said they expect values to fall.

About 4 out of 10 (39%) respondents said they expect farmland values to rise over the next year, while 13% said they look for values to decline in the next year. The Short-Term Farmland Value Expectations Index rose one point to 126, while the long-term index was unchanged at a reading of 151. Meanwhile, producers’ rating of farm financial conditions changed little in August, as the Farm Financial Conditions Index declined just one point to a reading of 86.ĭespite increasing concerns about rising interest rates, producers remain cautiously optimistic about farmland values. Increasing prices for farm machinery and new construction along with rising interest rates continue to be the two most commonly cited reasons for their negative view. The Farm Capital Investment Index was lower this month, falling 8 points to a reading of 37. Even though crop prices weakened significantly this summer, only one in five producers (20% of respondents) chose declining commodity prices as one of their top concerns. When asked about their top concerns for their farming operations in the next 12 months, producers continue to point to higher input prices (34% of respondents) and rising interest rates (24% of respondents). “This month over half (60%) of the producers we surveyed said they expect interest rates to rise in the upcoming year.” “Rising interest rates and concerns about high input prices continue to put downward pressure on producer sentiment,” said James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture. This month’s Ag Economy Barometer survey was conducted from August 14-18. The Index of Future Expectations also declined 5 points in August to a reading of 119. The Index of Current Conditions fell 13 points to a reading of 108.

This month’s decline was fueled by producers’ weaker perception of current conditions both on their farms and in U.S. and CHICAGO - Producer sentiment was notably lower in August, as the Purdue University/CME Group Ag Economy Barometer index dipped 8 points to a reading of 115. (Purdue/CME Group Ag Economy Barometer/James Mintert). SeptemFarmer sentiment dips amid weaker view of current conditionsįarmer sentiment dips amid weaker view of current conditions.

Summer class purdue