The July Ag Economy Barometer shows an increase in farmer sentiment compared to the June survey results. The July findings reflect more optimism of current and future economic conditions on the farm. Purdue Center for Commercial Agriculture Director Jim Mintert says there’s still a tremendous amount of uncertainty. “There’s unease out there. I think that stems largely from uncertainty from what it will cost to produce products for the upcoming season.” Rising input costs mean farmers are reassessing their cropping plans for 2023. “More than half of the survey respondents said they intend to plant a higher percentage of farmland acreage to soybeans.”
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