Purdue University and the CME Group released their latest Ag Economy Barometer for the month of March. Director of the Center for Commercial Agriculture and Economics Professor Michael Langemeier says farmer sentiment is up. “It’s somewhat surprising that the ag economy barometer index increased from 116 to 127 in March. That’s an 11-point jump, and the biggest part of that jump was in the index of the future expectations.” Langemeier says land values and the current direction of the United States were big indicators of that. “There was more optimism regarding where land values were heading five years from now, and then also we ask a question about if the US is heading in the right direction or on the wrong track, and the percentage of people that said we are heading in the right direction increased from about 58 or 59 percent last month all the way up to 65 or 66 percent this month.”
