Ag Economy Barometer: Farmer sentiment improved for the 2nd straight month
The latest Ag Economic Barometer shows farmer sentiment has improved for the second month in a row.
The Barometer climbed 5 points to reach an index value of 115, marking a 12 percent increase compared to last year. The improved sentiment is primarily due to the increase in the current conditions, which is now at 113, up 15 percent from 2022. Future expectations only went up 2 points to a reading of 116 but is up 11 percent on the year. The November reading of the Farm Financial Performance went up 3 points to 95, which is up 25 percent from the lowest point of the year seen back in May.
Purdue University Professor of Economics, Dr. Jim Mintert joined RFD-TV’s Suzanne Alexander for a closer look at the numbers, if there was any change in the Farm Capital Investment Index, and what farmers had to say when they were asked what their biggest concerns were for 2024.
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