(NAFB) — The Purdue University/CME Group Ag Economy Barometer reading jumped to 153 in July, up 27 points from June, and up 52 points from May. However, it’s safe to expect a decline in the August report. While the Market Facilitation Program payments are a positive to farmers, this week’s announcement that China will stop all purchases of U.S. ag …
Farmers Are Becoming Less Optimistic About the Future
For the second-straight month, the Purdue University/CME Group Ag Economy Barometer dipped lower, coming in with an index of 126 in December. That number was the lowest since March of last year and the second-lowest of 2017. The decline is driven entirely by producers becoming less optimistic about the future. The Future Expectations Index was recently at 137 in October, …