Farm machinery cost, availably impacts farmer sentiment

Farmers are hesitant to make large investments in their operations, according to the latest Purdue University/CME Group Ag Economy Barometer.

Jim Mintert, director of the Purdue Center for Commercial Agriculture, says low farm machinery inventories are a culprit.

“Over 40 percent of the people in the survey are telling us low or tight farm machinery inventories are impacting their ability to make investments in the farming operation. So, I think, in some cases it is a function of people would be willing to make investments if they could obtain what it is they want when they want it.

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