Farmer sentiment has improved modestly month-over-month but is still well below year-ago levels, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert with Purdue’s Center for Commercial Agriculture tells Brownfield it was a fairly small move. “People did become just a little bit more optimistic about the future,” he says. “The future expectation index was up about 7 points compared to a month earlier.”
He says more and more respondents are expressing concern about crop and livestock prices. “This month, 28% of the people chose that as one of their top concerns,” he says.
