Farmers continue to be less optimistic that the US-China trade dispute will be resolved in a way that benefits US agriculture, according to the latest Purdue University/CME Group Ag Economy Barometer.
Purdue University’s Jim Mintert says that is a little surprising because of the rise in exports and improved crop prices.
“But I think it speaks to people’s longer-term perspective,” he says. “Even though in the short run commodity prices are benefiting from increased trade with China, people are concerned about where this is headed from a longer-run perspective and suggests they have some reservations about where this is headed down the road.”
Forty-seven percent of farmers surveyed said they believe the trade dispute’s ultimate resolution would benefit US agriculture.
