President Trump spoke recently during a Cabinet meeting at the White House, saying farmers are starting to prosper. However, a Bloomberg article says the numbers tell a different story. “I hear they’re starting to do well in spite of everything,” the President said during comments from the meeting. “They’re selling corn, they’re selling soybeans, they’re selling everything, at levels that …
Optimism Returning to the Ag Producers Barometer
The Purdue/CME Group’s June survey shows producers are a little more optimistic about their financial position than they were last year. The shift is why the June index reading of 131 was unchanged from the May survey. The index has held steady for three straight months and remains well above the low levels of last November. The shift in producer …
Purdue Ag Economy Barometer Shows Slip in Confidence
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 …