US Farmer Sentiment Dives as Farm Input Costs Skyrocket

Production costs are expected to grow by at least 30 percent this year, a survey shows, signaling more food inflation ahead

A farmer uses a tractor outside of Sacramento, Calif., on April 18, 2022. John Fredricks/The Epoch Times

Despite strong commodity prices, farmer sentiment in the United States deteriorated sharply in May as producers are anxious about their farm’s financial health and prospects.

Last month, farmer sentiment dropped to its lowest level since April 2020, down 22 points, according to the Purdue University/CME Group Ag Economy Barometer sentiment index.