Farmer sentiment has climbed to a four-year high, largely driven by a more optimistic view of ag export prospects.
That is according to the May Ag Economy Barometer, which rose ten points higher than the previous month.
Dr. Jim Mintert with Purdue University spoke with RFD-TV’s Suzanne Alexander about contributing factors, free trade benefits, and Trump’s immigration policy.
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The trip is giving them a firsthand look at farming beyond the U.S.
Ethanol demand held together last week, but lower production and thinner stocks put more focus on export strength. Production capacity is also strengthening over time and benefiting soybean farmers.
Expanded export financing could provide greater support for ag sales abroad if buyers and lenders use the additional tools.