The April Ag Economy Barometer from Purdue University increased slightly from March. The increase comes from the Index of Future Expectations. Stronger commodity prices are driving improved expectations on financial performance. More than half of the U.S. farmers taking the monthly survey indicate better financial performance in 2021 compared to last year. Possible changes to tax policy are also on the minds of farmers. Ninety-five percent of respondents are somewhat or very concerned these changes will make it difficult to pass the farm on to the next generation and there are also concerns about capital gain tax increases and the elimination of stepped-up basis.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.