The CME Group/Purdue University Ag Economy Barometer rose four points this month to a reading of 110. The survey asked farmers about their concern about farm policy. Purdue Center for Commercial Agriculture Director Dr. James Mintert is surprised to see the concern level has remained low. “I think that could be a reflection of the fact that we’ve had relatively strong prices and as a result the farm safety net hasn’t been as big of a player.” The survey showed land value expectations have continued to rise. Mintert says this is due to the expectations of non-farmer investment demand and inflation.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.