More Good News Than Bad: CME weighs in on the latest Ag Economy Barometer

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.

CME Executive Director of Ag Research, Fred Seamon spoke with RFD-TV’s own Suzanne Alexander on what contributed to the shift, his thoughts on the report, and what to expect as planting season approaches.

Related Stories
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.
Authorities say the drones were recovered during a routine inspection after being stolen last month.
Kansas Congressman Derek Schmidt joins us to discuss House passage of the Farm Bill, its potential impact on farm profitability and stability, key policy compromises, and the outlook for Senate consideration.