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Shining Light on Farm & Food Policy for 20 Years.
Friday, August 16, 2024
A monthly measurement of producer sentiment recorded a slightly higher score in February, but farmer and ranchers are still noting an elevated level of financial concern.
The latest Ag Economy Barometer reading moved a mere one point from its previous figure, but year-over-year comparisons offer a clearer picture of what farmers are thinking entering 2024.
Views of the farm economy worsened for the second time in a row this September, according to a monthly survey from Purdue University and the CME Group.
The nation’s farmers and ranchers kept their opinions about the farm economy mostly unchanged in July, but mild upticks in optimism are included in a report measuring the state of mind in rural America.
Increased confidence in the Fed may be leading more producers to expect interest rates to remain steady or decline compared to earlier in the year, according to the April Ag Economy Barometer reading.
Bank collapses and a continued rise in interest rates weakened farmer sentiment in March as producers reported increased concerns about their current and future expectations.