The July Purdue University/CME Group Ag Economy Barometer shows a slight decline of three points from the previous month to a reading of 134 points. That’s the lowest reading of the survey since July 2020. Purdue’s Center for Commercial Agriculture Director Jim Mintert says the decline is due to the index of current conditions. “People felt less positive about the current conditions. I think a lot of that was related to the softness in the crop prices between the June and July survey. The financial performance index improved slightly from the last month.” Overall, farmer sentiment is less positive than earlier this year, but many farmers are in stronger financial positions. “That’s probably reflected in asset values. We’re seeing strength in the farmland market.”
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