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Factors Influencing Producer Sentiment

Author

Listed:
  • Lippsmeyer, Margaret
  • Langemeier, Michael
  • Mintert, James
  • Thompson, Nathan

Abstract

Producer sentiment is typically analyzed on an aggregate basis and believed to be largely driven by market conditions. Our research introduces alternative determinants of producer sentiment. Drawing from survey data gathered in April 2023, we analyze the interplay between producer sentiment, current market dynamics, future anticipations, and underlying farmspecific attributes. Specifically, correlation coefficients and t-tests are used to pinpoint characteristics that inherently differ across three sentiment-defined groups. Our findings indicate that producer sentiment intertwines with expected financial performance, farm resilience, growth prospects, and educational achievements, rather than being solely reliant on current market conditions.

Suggested Citation

  • Lippsmeyer, Margaret & Langemeier, Michael & Mintert, James & Thompson, Nathan, 2024. "Factors Influencing Producer Sentiment," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2024, January.
    • Handle: RePEc:ags:jasfmr:342911
    DOI: 10.22004/ag.econ.342911
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    References listed on IDEAS

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    1. Villatoro, Mario & Langemeier, Michael, 2006. "Factors Impacting Farm Growth," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2006, pages 1-7.
    2. Rains, G.C. & Olson, D.M. & Lewis, W.J., 2011. "Redirecting technology to support sustainable farm management practices," Agricultural Systems, Elsevier, vol. 104(4), pages 365-370, April.
    3. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Jürgen Schupp & Gert G. Wagner, 2011. "Individual Risk Attitudes: Measurement, Determinants, And Behavioral Consequences," Journal of the European Economic Association, European Economic Association, vol. 9(3), pages 522-550, June.
    4. Christophe Croux & Catherine Dehon, 2010. "Influence functions of the Spearman and Kendall correlation measures," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 19(4), pages 497-515, November.
    5. Helena Hansson & Carl Johan Lagerkvist, 2012. "Measuring farmers' preferences for risk: a domain-specific risk preference scale," Journal of Risk Research, Taylor & Francis Journals, vol. 15(7), pages 737-753, August.
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