South America Calling
Alastair Stewart South America Correspondent

Wednesday 04/30/14

Brazil's Farmers Confidence Grows

Brazilian farmer confidence has grown over the last three months, reflecting rising prices.

Sao Paulo University's Farmer Confidence Index reached 104.3 points in April, indicating a mildly positive sentiment (a 100-point reading reflects neutral sentiment).

But notable was the 12% rise in the index since the last sounding in January with optimism about prices offsetting concerns about rising input costs and the state of the crop after a severe drought hit the southeast and part of the south this summer.

The sub-indices showed that farmers are preparing to invest more in inputs but will clip outlays on equipment.

The inputs sub-index rose 4% to 129.3 points in April amid increased spending in controlling pests, particularly caterpillars in the case of soybean farmers. The equipment sub-index fell 3% to 66.1 points as purchases of tractors and combines slow following the equipment investment bonanza of recent years.

The Soybean Producer Confidence Index sat at 114.5 points, stable compared with January. Again, positive sentiment about prices offset the negative vibe caused by significant drought-related losses this season.

(AG)

Posted at 1:37PM CDT 04/30/14
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
September  2015
S M T W T F S
      1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30         
Subscribe to South America Calling RSS
Recent Blog Posts
  • Argentine Wheat Gets Rest From Rains
  • Brazilian Crop Chemicals Market to Remain Firm
  • Brazil GMO Planting On The Rise
  • Upturn in Brazilian Fertilizer Demand
  • Brazilian Fertilizer Sales Stable in July
  • Floods Threaten Argentine Wheat Crop
  • Argentine Farmers Plant Defensively
  • Brazil 2015-16 Cotton Area to be Lowest in 13 Years
  • Brazil's Crisis and Forex
  • Brazilian Soy Industry Nervous About Chinese Moves
  • Brazil Focuses on Integration
  • Brazil's Corn Market Sees Busy July
  • Brazil to Plant More Soy In 2015-16
  • Brazil Intacta Royalty Controversy
  • Brazil's Soy Industry Raises Soybean Export View
  • Brazilian Chicken Exports Strong
  • Brazilian Soy Rust Threat
  • Argentine Farmers Must Declare Soy Seed Origin
  • Argentina to Plant Less Wheat
  • Brazil To Set New Corn Export Record In 2015