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Shining Light on Farm & Food Policy for 20 Years.
Sunday, November 24, 2024
A survey of producer sentiment in May reveals the lowest overall reading since September 2020 and declines in several areas, however, producers expect farmland values to rise over the next five years.
A monthly survey of the state of mind for producers shows respondents have fairly consistent views about their current status but have growing concern about what lies ahead.
Farmers painted a slightly more optimistic picture of their expectations in December but still have a handful of policy concerns as the country prepares for a new administration and Congress.
A measurement of the state of mind in farm country is at an all-time high as producers report optimism about future financial conditions due to a recent commodity market price rally and another round of direct payments from the Department of Agriculture.
The nation’s producers are at their most optimistic since the onset of the COVID-19 pandemic earlier this year based on improved expectations for commodity prices and U.S. agricultural trade.
Producers were more optimistic about their farming operations in June after a beneficial spring planting season and the implementation of the Coronavirus Food Assistance Program.
Producer optimism increased in May, according to a survey conducted the same week USDA released details about the $16 billion in direct payments through the Coronavirus Food Assistance Program.