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
October  2014
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 31   
Subscribe to South America Calling RSS
Recent Blog Posts
  • Brazil's Southern Soybean Planting Still Behind Schedule
  • Rains Hamper Argentine Soy, Corn Planting; But Moisture Overall Positive
  • Futures, Forex Bump Grabs Brazil Soy Farmers' Attention
  • Brazilian Soy Exports To Decline $7.3 B In 2015
  • Brazil Soy Planting Still Sluggish
  • Brazil's Election and Agriculture
  • Showers Restart Soy Planting in Brazil's Mato Grosso, Center-West
  • Brazilian Sept. Fertilizer Sales Strong Despite Low Prices
  • Brazilian Wheat Imports From the US?
  • Brazil Beef to Expand Across Feedlots
  • Brazil's Soy Crop Just 10% Planted
  • Brazil Mato Grosso Soy Farmers Fret Over Lack of Rain
  • U.S. Wheat Shipments To Brazil To Fall Dramatically In 2015
  • U.S. Wheat Shipments To Brazil To Fall In 2015
  • Brazil Soy Planting Slow
  • Brazil's Ag Ministry Pegs 2014-15 Soy Crop Below Market Consensus
  • Agribusiness, Mato Grosso and the Farm Lobby
  • Brazilian Sugar/Ethanol Plants Near Bankruptcy
  • Argentine Farmers Worry About Crops, Crisis
  • Brazil's Corn Ethanol Play