Farmers surveyed expect their farms’ financial performance to be weaker in ‘23


Farmers surveyed expect their farms’ financial performance to be weaker in ‘23

Farmers are less optimistic about their farms’ financial performance in 2023 compared to last year, according to the latest Purdue University/CME Group Ag Economy Barometer.  

Jim Mintert, director of the Purdue Center for Commercial Agriculture, says many producers are concerned about higher costs and narrowing margins.

“Input costs are going to be, based on our projections at the moment, between five and ten percent higher than they were for 2022,” he says.

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