Farmers remain concerned about rising ag input prices, according to the latest Ag Economy Barometer.
Purdue University’s Jim Mintert says “people are concerned about farm input prices going up for things like seed, fertilizer, and fuel…if you think about it in the overall context, even though commodity prices particularly for corn and soybeans are still at elevated levels compared to history, people are worried about a margin squeeze taking place with these costs rising rapidly.”
Over the last decade, farm input prices have increased an average of 1.8 percent each year.
