The Ag Economy Barometer, an agricultural producer sentiment measure based upon a nationwide mid-month survey of 400 U.S. agricultural producers, dropped again in May. The May barometer reading of 101 was 14 points lower than a month earlier and was the lowest barometer reading since October 2016.
While ag equipment sales continue to be soft, both farmers and dealers seem to be feeling a bit more positive about things than they have over the last few years.
Ag producers’ confidence surged during January. That’s according to the latest reading of the Ag Economy Barometer, which is compiled by Purdue University and the Center for Commercial Agriculture.
The results of the Purdue University/CME Group Ag Economy Barometer survey indicates that farmer sentiment improved modestly during September as fall harvest got under way across most of the U.S.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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