Producers are a little more optimistic about the future of the ag economy, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the director of the Purdue Center for Commercial Agriculture.
“The Future Expectations Index did drive the increase in the barometer. It was up five points this month compared to a month ago. It’s up about 13 percent compared to a year ago,” he says.
The overall Ag Economy Barometer Index rose four points to a reading of 130 in January.