February Attitudes Drop in Latest Ag Barometer

March 8, 2017 03:12 PM
 
 

As planting season gets closer, farmers’ sentiments about the economy have retreated somewhat from the positive moods seen in January, according to the Ag Economy Barometer from Purdue University and the CME Group.

The February reading declined to 134, down 19 points from January’s all-time high. The barometer is based on a survey of 400 producers and their feelings on the ag economy.

“People are feeling a little bit better about the economy than they were last fall,” said Jim Mintert of the Center for Commercial Ag at Purdue University. “They’re feeling better about the future. There’s still some stress in the ag economy, and from the viewer and lender perspectives, that means some caution still must be exhibited with respect to decisions going forward.”

Mintert says they asked farmers if they expected corn or soybeans to be more profitable in 2017. Two-thirds of those surveyed sided with soybeans as being more profitable.

He says these results suggest there will be more interest than usual in USDA’s planting intentions report coming out March 31.

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Comments

 
Spell Check

C.K
bad axe, MI
3/10/2017 06:19 AM
 

  THE FARMER FINALLY IS FIGURING OUT HE'S GOING TO LOSE HIS ASS FOR THE FORESEEABLE FUTURE THAT'S WHY.

 
 
Craig
Kearney, NE
3/10/2017 07:00 AM
 

  Not certain how anyone can be positive about the current state of Ag. Prices for many commodities are less than last year, and while some input costs have come down, most remain way too high in comparison to what we receive.

 
 

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