Farmers are more optimistic about current conditions
Ag producers are more optimistic about current conditions, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the director of the Purdue Center for Commercial Agriculture.
“Some of that was probably related to getting closer to harvest time and farmer expectations with respect to what yields are going to be this fall,” he says. “In the dry parts of the country we picked up some moisture which maybe improved yield prospects a little bit and made people feel better about their revenue projections for the 2021 crop year.”
The overall Ag Economy Barometer rose four points to a reading of 138. The Index of Current Conditions climbed 9 points to 152 and the Index of Future Expectations was up 2 points at 132.
The monthly national survey of 400 U.S. ag producers was conducted August 23-27.
Audio: Jim Mintert