(West Lafayette, IN) - Financial confidence within the agricultural community appears to be waning.  That’s according to a monthly survey conducted by Purdue University.

 

The Ag Economy Barometer measures how optimistic farmers are about their future prospects.  It looks at things like plans to expand farm operations or buy new equipment.

 

According to Purdue, farmer optimism was steadily trending up since 2016, hitting a high point last summer.  For the second straight month, however, confidence has tumbled.  A big reason is rising input costs, which eats into potential profits.

 

You can check the Purdue Ag Barometer here.