A rise in crop prices and the news of a second round of CFAP payments strengthened farmer sentiment, according to the latest Ag Economy Barometer.
Jim Mintert is the director of the Purdue Center for Commercial Agriculture.
“Crop prices have recovered substantially, USDA released the details regarding the CFAP2 program, and then for people that are in the midst of harvesting corn and soybeans, the yield reports have been positive,” he says.