Rapidly rising production costs is being blamed for the sharp drop in agriculture producers’ perception of current economic conditions.
Rising prices for corn and soybeans provided some boost among farmers about current economic conditions but higher operating costs are a growing concern.
Rising production costs are having minimal impact on Purdue University’s monthly survey of how the country’s farmers feel about the state of the ag sector.
Indiana’s agriculture sector appears to be uncertain about its long-term outlook but believes this year should be better than 2020.
Signs of improving crop prices are contributing to a rise in Indiana farmers’ optimism about the state’s ag economy.