The Ag Economy Barometer from Purdue University found confidence among farmers and ranchers slipped again last month. The Barometer slipped to 124 in March, marking the second month in a row that producer sentiment dropped below the prior month’s level. A rating below 100 is negative, while a rating above 100 indicates positive sentiment regarding the agriculture industry. Recent weakness …
Ag Producers’ Confidence Surges During 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 …