(NAFB.com) – Farmer sentiment lowered in June as the Purdue University/CME Group Ag Economy Barometer reading of 105 was three points below May’s level. The overall drop in sentiment was due to a five-point drop in the Index of Future Expectations, which dropped to 112, while the June Current Conditions Index increased to 90, one point higher than the May index. High input costs, the risk of lower prices for their products, and rising interest rates continue to weigh on farmer sentiment. The impact of rising interest rates on their farms has become a bigger concern for producers in recent months. Interest rates and high breakeven levels combined with concerns that crop and livestock prices could weaken are holding back producer sentiment and making producers cautious about making large investments. The Farm Capital Investments Index dropped by three points to a reading of 132. The Long-Term Farmland Value Index dropped seven points.