Producer sentiment was notably lower in August, as the Purdue University/CME Group Ag Economy Barometer index dipped 8 points to a reading of 115. This month’s decline was fueled by producers’ weaker perception of current conditions both on their farms and in U.S. agriculture. The Index of Current Conditions fell 13 points to a reading of 108. The Index of Future Expectations also declined 5 points in August to a reading of 119. This month’s Ag Economy Barometer survey was conducted from August 14-18.
“Rising interest rates and concerns about high input prices continue to put…
