The latest Ag Economy Barometer has been released and it shows that farmer sentiment has improved as interest rate expectations shift.
The barometer improved in March, pushing the reading up 3 points to a reading of 114. The Index of Current Conditions came in 2 points below last month at 101.
While the Index of Future Expectations climbed to 120, 5 points higher than in February.
That split was driven primarily by farmers’ perception of their financial condition and how they expect that to improve over the next year.
Farm Financial Performance was down 1 point at a reading of 83.
Purdue University Professor of Ag Economics, Dr. Jim Mintert spoke with RFD-TV’s own Tammi Arender on contributing factors to the shift, his big takeaways, and what to expect moving forward.
“Those could’ve easily been our beans going over there. It goes to show that if that opportunity is there, China would be willing to buy.”
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Missouri Director of Agriculture Chris Chinn joined us Monday to share highlights from Secretary Brooke Rollins’ visit and her perspective on USDA’s new initiatives.
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North Dakota Farmers Union (NDFU) President Mark Watne joined us Monday to share his perspective on the America First Trade Promotion Program and potential implications for producers.
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Duane Simpson, CEO of the National Council of Farmer Cooperatives (NCFC), joined us in Monday’s Market Day Report to share his perspective on the USDA’s plan and potential impact on producers.
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