The April Ag Economy Barometer increased eight points from the March survey. That’s due, in part, to a boost in commodity prices. At the same time, the barometer reading is much lower compared to one year ago. Purdue University Center for Commercial Agriculture Director Jim Mintert says the barometer is picking up on the uneasiness people have about the future of the farm economy. “That’s despite the fact that based on current budget projections even with the elevated production costs, 2022 should be a year that will equal or exceed what we had in 2021. It’s an unusual situation, but I think it reflects a tremendous amount of uncertainty.” Farmers are dealing with higher input costs and a lack of product availability. “Farmers told us in the last survey they’ve received a notice from input suppliers that an input they’ve purchased would not be available for delivery.”
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