Farmers telephone9/14/2023 ![]() ![]() Producers’ top concern for their farming operations in the upcoming year is still higher input costs (37% of respondents), followed by rising interest rates (24% of respondents) and lower output prices (19% of respondents).Ĭonfidence among farmers regarding the future direction of farmland values continues, even as nearly two-thirds of survey respondents expect interest rates to rise over the next year. Given the volatility in commodity prices, especially crop prices, this spring and early summer, it’s notable that more producers expressed concern about rising interest rates than declining output prices. Among those who indicated that now is a bad time to make large investments, their top reason was concern about rising interest rates. Nearly two-thirds (65%) of producers in July said they expect interest rates to increase, up from 57% in June. ![]() Surprisingly, the improvement in this month’s investment index occurred despite a rise in the percentage of producers who expect interest rates to rise over the next year. Additionally, the percentage of farmers who feel it’s a bad time to invest was down from 79% who felt that way in November to 72% in July. Comparing July’s responses to last fall’s low point, the percentage of producers saying now is a good time for large investments has improved from 10% who felt that way in November to 17% in July. However, the index has greatly improved, up 14 points, since bottoming out in November 2022. The improvement in farmers’ perspective on current conditions spilled over into a modest rise in July’s Farm Capital Investment Index, up 3 points to a reading of 45. “Producers were slightly more confident about the farming economy in July, despite recent crop price volatility and continued concerns about rising interest rates,” said James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture. This month’s survey was conducted July 10-14. agricultural producers’ responses to a telephone survey. ![]() The Ag Economy Barometer is calculated each month from 400 U.S. The Index of Current Conditions rose 5 points to a reading of 121, while the Index of Future Expectations was up one point to 124. Farmers were also more optimistic about their perception of current conditions and future expectations on their farms. and CHICAGO - Agricultural producer sentiment improved slightly in July as the Purdue University/CME Group Ag Economy Barometer index rose 2 points to a reading of 123. We harvest our data from various publically available data sources such as edgar database (SEC), form 5500 dataset (IRS), form 990 datasets (tax-exempt organizations) etc.AugFarmers remain cautiously optimistic about agricultural economyįarmers remain cautiously optimistic about the agricultural economy (Purdue/CME Group Ag Economy Barometer/James Mintert). We have a database of over 7.3M entities which can be searched to find the ein number of business entities. What is ?: Our website is a free resource to find the ein number for various business entities. Since all corporations - including ones with no income - must file at least a federal income tax return, a corporation operating or incorporated in the United States generally must obtain an EIN anyway either before or after being issued its charter. Also, financial institutions such as banks, credit unions, and brokerage houses will not open an account for a corporation without an EIN. To be considered a Partnership, LLC, Corporation, S Corporation, Non-profit, etc. Other commonly used terms for EIN are Taxpayer Id, IRS Number, Tax Id, Taxpayer Identification Number (TIN) etc.Ī business needs an EIN in order to pay employees and to file business tax returns. Employer Identification Number (EIN): The Employer Identification Number (EIN), also known as the Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number (FTIN), is a unique nine-digit number assigned by the Internal Revenue Service (IRS) (format: XX-XXXXXXXXX) to business entities operating in the United States for the purposes of identification and employment tax reporting. ![]()
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