Farmer sentiment hit a new record high in October because of the rally in commodity prices, above average yields, and coronavirus assistance, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the director for the Purdue Center for Commercial Agriculture.
“You put the strength in price together with strong yields, and that obviously boosts the revenue situation and makes people feel a lot better,” he says. “The third component was the fact that in October the second round of the Coronavirus Food Assistance Program payments became available.”
The barometer climbed 27 points to 183.
