Contact Us

Optimism Returning to the Ag Producers Barometer

108315998
Getty Images/Vetta

The Purdue/CME Group’s June survey shows producers are a little more optimistic about their financial position than they were last year.

The shift is why the June index reading of 131 was unchanged from the May survey. The index has held steady for three straight months and remains well above the low levels of last November. The shift in producer expectations is a long-term trend.

At this time last year, just three percent of the producers who responded felt their operation was better off financially than the previous year. That number jumped to 10 percent last fall, dropped a bit in winter, and rebounded to its current level of 13 percent, the highest reading since the survey began in 2015. The shift is likely based on several factors, including farm revenues, which increased after large yields in 2016. Production costs also dropped from the previous year, as did many farmland rental rates.

Source;  NAFB News

Click Here For More AG News on KOEL.com

Best of the Web

Best of KOEL.com

Recommended For You

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://koel.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for AM 950 KOEL quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive AM 950 KOEL contests, events, coupons, presales, and much more delivered to you for FREE.