The latest Ag Economy Barometer has been released showing a slight drop in farmer sentiment.
Farmer sentiment fell by 9 points to 136. Despite the decline in numbers, producers still reported post-election optimism about the future.
Farmers’ long-term outlooks over the next five years were far more optimistic than their outlooks over the next twelve months.
Dr. Jim Mintert with Purdue University spoke with RFD-TV’s own Suzanne Alexander on key factors contributing to the sentiment, international trade, and other policy shifts under the new administration.
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API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.