Ag producers are less optimistic about current conditions on their farms and expectations for the future, according to the latest Purdue University/CME Group Ag Economy Barometer.
Purdue University’s Jim Mintert says it’s important to note that “the week we were doing the survey was before USDA’s acreage report came out, so commodity prices had been drifting lower, and of course volatility in commodity prices, I think, probably contributed to it.”
He tells Brownfield concerns about rising production costs contributed to the drop in producer sentiment.
