Seventy-two percent of farmers surveyed say it’s a bad time for large investments in their operations, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert, the principal investigator of the survey and director of the Purdue Center for Commercial Agriculture, says rising interest rates was the top concern among those producers.
“They’re concerned about it and starting to wonder how much impact that’s going to have going forward,” he says.
