More than half of farmers expect input price inflation to exceed 12 percent in the next year, according to the latest Purdue University/CME Group Ag Economy Barometer.

Jim Mintert is the director of the Purdue Center for Commercial Agriculture.

“It’s not only the rise in input costs that’s worrying people, it’s the rate of change,” he says.  

In June and July, 44-45 percent of farmers surveyed said they expected farm input prices to rise by four percent or less.

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