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Despite current cost-price squeeze, Purdue Ag Economy Barometer reflects optimism about future.

High input costs, lower crop prices, and higher interest rates are top concerns among farmers, according to James Mintert, Director of the Center for Commercial Agriculture. Despite a slight increase in the Ag Economy Barometer index, there are still worries about potential fluctuations in fuel and labor costs. The Index of Future Expectations saw a 5-point rise from February, while the Index of Current Conditions was 2 points lower than the previous month and 25 points below the same time last year.

Michael Langemeier, Associate Director of the Center for Commercial Agriculture, noted that breakeven projections are slightly lower than last year due to high input costs and many inputs already purchased. However, there is still concern about potential fluctuations in fuel and labor costs. Mintert commented on the general concern over high input costs and locking in high breakeven prices as a major issue for farmers.

A survey conducted by Purdue found that the number of farmers expressing poor prospects for farm profitability has risen from 7% last fall to 22% this month. This increase is seen as a sign of increased worries about a cost-price squeeze and uncertainty regarding farm profitability by Mintert.

For more detailed information about the Ag Economy Barometer, including charts on responses to various questions, visit: . If you wish to contact Katie Dehlinger, you can reach her at []( or follow her on X (formerly known as Twitter) at @KatieD_DTN>.

By Samantha Jones

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