The September CME Group/Ag Economy Barometer reads 121, a three-point decline from August. According to the report, farmers are pessimistic about current farm conditions, but more optimistic about the future. The Center for Commercial Agriculture Associate Director Michael Langemeier says this is a typical pattern. It’s also been a roller coaster summer for farmers because of all of the prevented planting and issues related to getting crops in the ground. “This has been a train wreck for some people. The farmers are saying that 2020 has to look better than 2019. I think that’s part of it, but also thinking we’re going to get out of this trade situation with China to improve prices.” Check out the latest barometer.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.