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Farmer sentiment drifts lower, rising interest rates contribute to uneasiness

Farmer sentiment improves, but farmers still concerned about rising costs and inflation

The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading of 117. The rise in the overall measure of agricultural producer sentiment was driven by increases in both the Index of Current Conditions, which rose 9 points to 118, and the Index of Future Expectations, which climbed 16 points to 116. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted Aug. 15-19, after The U.S. Department of Agriculture released both the August Crop Production and World Agricultural Supply and Demand Estimates reports.

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