The latest ag economy barometer dropped this morning, showing a weakening farmers’ sentiment.
Farmer sentiment fell in June to 146, down 12 points compared to last month’s high. The decline has been attributed to producer concerns surrounding agricultural exports, with few optimistic about the future.
Despite declines, all three indices in the report remained well above year-ago levels.
Purdue University Professor of Ag Economics, Dr. Jim Mintert spoke with RFD-TV’s Suzanne Alexander about what drove the drop, how this compares to previous years, and what to expect moving forward.
Related Stories
Did you know that eight states raise nearly 77% of the U.S. turkey supply? It’s impressive. But when it comes to the impacts of High-Path Avian Flu on commercial turkey flocks — it also means those same states, in most cases, will bear the brunt of lost production value due to the virus.
Alaskan wildlife officials canceled the 2022-23 Bering Sea Snow Crab season for the first time ever. The Bristol Bay King Crab season is also canceled for the second consecutive year.
An economist says U.S. ag exports could fall next year due to several factors.
According to the latest Cattle on Feed report, drought brought placement numbers lower.