The August Purdue University/CME Group Ag Economy barometer reads 124, a 29-point decline from July. The decline is attributed to a farmer’s expectations for current and future economic conditions. In the latest farmer survey, more than two-thirds of respondents say the 2019 Market Facilitation Program will either completely or somewhat relieve their concerns about the tariff impact on farm income. Fifty-eight percent of farmer participants say they expect another MFP payment to be made to U.S. farmers in 2020. The survey is also monitoring a farmer’s sentiment on the U.S. and China trade disputes. In August, 71 percent of farmers surveyed don’t expect a resolution soon. Twenty-five percent of farmers surveyed don’t expect a positive outcome, a slight increase from July. Read the latest findings from the barometer.
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