A brand new yr typically brings out the resolutions, plans, and ambitions for the yr forward.
Each two months, the RealAgristudies Insights Panel will weigh in on the Canadian Farmer Sentiment index. Starting in September 2022, the index measures how farmers are feeling — both constructive or detrimental — on a variety of points, together with crop advertising and marketing, authorities path, and overarching financial situations.
In November, the sentiment index re-asked a number of questions from the preliminary survey. Certainly one of these questions included how farmers are feeling about making investments, similar to shopping for gear or placing up infrastructure. The general sentiment scored a detrimental index of 54 (100 is impartial).
A mixture of a poor financial outlook, rising rates of interest and tight farm funds, and flagging confidence in governments combines to create a decidedly detrimental outlook for the yr forward, at the least with regards to purchases.
In search of extra? Register to learn extra concerning the findings from the November index outcomes, or watch/hearken to Shaun Haney and Justin Funk focus on the outcomes.
Wish to be a member of the Insights Panel and share within the survey? Discover extra right here.