The February CME Group/Purdue University Ag Economy Barometer dropped two points from January 2021, mostly due to a decline in the Index of Future Expectations. Purdue University’s Center for Commercial Agriculture Director Jim Mintert says there’s been a decline in this area for the last three months. “Farmers are positive about what’s happening on their farming operations in the short-run, but concerned about what could happen down the road, after 2021.” Mintert says survey participants remain concerned about U.S. and China trade deal. “In June, 65 percent of people who took the survey expected to see a positive outcome with the trade dispute to China. Despite the ramp up in exports to China, the percentage of people expecting to see a positive result in the trade dispute is now at 37 percent.” Read more survey results.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.