Farmer Sentiment Drops in February

Dan Commodities, Economy

The Purdue University/CME Group Ag Economy Barometer dropped five points to 125 in February. Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future also weakened during the month. The Index of Current Conditions dipped two points to 134, and the Index of Future Expectations declined six points to 121. Several factors are weighing on …

Farm Bureau Analysis: 2022 Crop Losses Top $21 Billion

Dan American Farm Bureau Federation (AFBF), Commodities, Crop Insurance, Drought, Drought, Economy, Environment, Field Crops, Weather

The American Farm Bureau Federation (AFBF) estimates 2022 crop losses due to weather and climate change at more than $21.4 billion. The AFBF Market Intel analysis shows in 2022, 18 weather and climate disasters, each with damages exceeding $1 billion struck the United States. The National Oceanic and Atmospheric Administration (NOAA) reported that 2022 surpassed 2021 as the third-costliest disaster …