Rising input costs continue to weigh on a farmer’s perception of the ag economy. That was part of the reason for the two point decline for the June Purdue University/CME Group Ag Economy Barometer. Center for Commercial Agriculture Director Jim Mintert is not surprised. “Longer term, people are worried about the idea that the production costs are much higher going into next year. Looking back at history, once costs go up, it’s tough to bring them back down.” That commodity price volatility could lead to production/cost squeezes in 2023.
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