Farmers are more optimistic about the future of the ag economy, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert, director of the Purdue Center for Commercial Agriculture, says strong commodity prices are helping to boost sentiment.
“People are realizing that even with a bounce back in acreage this year and trendline yields we still have a pretty tight supply-demand balance for corn and soybeans,” he says. “That’s especially the case for soybeans, but also even for corn.
