The March survey provided the first opportunity to ask producers how they expect the war in Ukraine to affect U.S. agriculture.

Famers are becoming more concerned about the rising cost of fertilizer and the ongoing supply chain disruptions, according to the Ag Economy Barometer.

The Purdue University/CME Group Ag Economy Barometer rose for only the second time since May, up 9 points to a reading of 125 in December.

Rising production costs, including those for fertilizer, farm machinery, seed and fuel, are of increasing concern to farmers.

Producers are less optimistic about both current conditions on their farming operations as well as their expectations for the future.

The Purdue University/CME Group Ag Economy Barometer saw a significant decline in May, down 20 points to a reading of 158.

Ninety-five percent of respondents are concerned that changes in tax policy will make it more difficult to pass the farm to the next generation.

Farmers continue to report strong current economic conditions on their farms, according to the February Purdue University/CME Group Ag Economy Barometer.

The Index of Future Expectations has fallen 19 percent since October, while the Index of Current Conditions rose 12 percent over the same time period.

The Purdue University/CME Group Ag Economy Barometer rose to 183 in October and set an all-time high for farmer optimism on the index.