The Purdue University Ag Economy Barometer for February dipped compared the January reading. Organizers of the index say the overall producer sentiment reading dipped to 134 compared to 153 a month earlier, 19 points below the record high recorded in January.
The Ag Economy Barometer continues to show increased producer confidence following the November election. Organized by Purdue University and the CME Group, the monthly survey of 400 agricultural producers from across the U.S. reached 153 in January, 21 points higher than December’s survey and 61 points higher than in October. The increase marks the most positive recorded sentiment by producers …
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