Michael Langemeier

Well, looking at news notes, farmer sentiment took a significant step backward in September on the Purdue University-CME Group Ag Economy Barometer.

Michael Langemeier, the director of Purdue University Center for Commercial Agriculture, said farmers are continuing to get squeezed on their bottom lines due to high costs.

The Purdue University-CME Group Ag Economy Barometer fell 12 points from 135 to 123.

It's not simply that farmers have become more pessimistic about the future.

When farmers are less confident about their financial performance, it's not surprising that they become more cautious about making investments.

The Farm Capital Investment Index fell another six points to 39 this month, and that's relatively low for that index, though it has been ranging from about 35 to 50 for quite a few months now.

Once again, Michael Langemeier, director of Purdue University Center for Commercial Agriculture.

He did add farmers are surprisingly optimistic about future farmland value despite the current challenges.

Farmer sentiment took a significant step backward in September on the Purdue University-CME Group Ag Economy Barometer.

Michael Langemeier, an agricultural economist at Purdue University, said farmers are continuing to get squeezed on their bottom lines due to high costs.

The Purdue University-CME Group Ag Economy Barometer fell 12 points from 135 to 123.

It's not simply that farmers have become more pessimistic about the future.

Despite the decline in overall sentiment, the Long-Term Value Expectations Index reached a new high of 168.

That's a striking contrast.

Again, that's Michael Langemeier of Purdue University.

With your egg news, I'm Farm and Ranch Director Sarah Heinrich for the Growing Harvest Ag Network.

One was, what do you expect to happen to soybean exports in the next five years, increase, decrease, or stay about the same? And close to 40% expected exports to increase in terms of soybeans.

That's Dr. Michael Langemeier, director of the Purdue Center for Commercial Agriculture.

When we ask an export question that was all agriculture products, uh, that was 45%.

And so they're just as optimistic about soybean exports, or close to, uh, as they are about agriculture exports in general.

Let's get started, though, and take a look at the latest Purdue University-CME Group Ag Economy Barometer.

Joining us now, Michael Langemeier, director of Purdue's Center for Commercial Agriculture.

And Michael, welcome back to the show, and some interesting numbers, uh, it looks like from the latest Ag Economy Barometer, showing, uh, some farmer concern about current conditions it looks like, Michael.

Yeah, there was two major, major, uh, happenings, if you will, or two major things happened between the mid-August and the mid-September, uh, r- you know, survey.

Michael, always appreciate the time and the insight.

I know folks can learn more at ag.purdue.edu. Take a look at the Ag Economy Barometer.

Michael Langemeier with Purdue Center for Commercial Agriculture, good to talk with you, sir.

Thanks again.

I'm DeLoss Yonke, and on the program, Graham Utter at Growmark.

Well, if you would've asked in early August about fertilizer, and if you would've asked in early September about fertilizer, how much different would the answer be based on the increase we had during that time in the corn price, and in the soybean price for that matter? Has demand gone up? Do we have the supply for that demand, especially if it's different now than it was just a couple of months ago? And if the demand does go up related to supply, does that also mean we'd expect the price to go up? Also, Michael Langemeier at Purdue in this week's readings of the Purdue CME Group Ag Economy Barometer.

All right, today December corn was down one and three quarters at $5.25. March down one and three quarters, $5.15 and a quarter.

July down two, $5.26 and a half.

[upbeat music] Welcome back to RFD Profit Watch.

I'm Dolores Young.

Time once again to chat with Dr. Michael Langemeier at Purdue University in their Center for Commercial Agriculture, and the latest results of the Purdue/CME Group Ag Economy Barometer.

Michael, how are you?

Farmer sentiment took a noticeable step backward in September.

Dr. Michael Langemeier is Director for the Center for Commercial Agriculture at Purdue.

The Purdue University-CME Group Ag Economy Barometer fell 12 points from 135 to 123.

It's not simply that farmers have become more pessimistic about the future, there's a growing concern about the economics of operating the farm right now, and input costs are playing a huge role, uh, in that, in that angst.