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.
Soy Transportation Coalition’s Mike Steenhoek discusses the proposed six-axle truck pilot program and its potential impacts on agriculture and freight transportation.
Ohio Farm Bureau’s Evan Callicoat discusses data center expansion in the state, producers’ land and resource concerns, and debates over tax exemptions and rural development.
Moly Manufacturing welcomed renowned cattle expert, Dr. Temple Grandin, as the keynote speaker for its “Beef and Greet” livestock industry event.
Dr. Derrell Peel says the longer the border remains closed to Mexican cattle imports, the more likely some industry changes could become permanent.
Producers say limited moisture is creating major challenges for crops and irrigation heading into summer.
Mike Stranz joins us to discuss farm safety net reforms, NFU’s proposed IMSET program, and the challenges facing family farmers nationwide.
