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
As ag lawmakers in the Senate await the House vote on the Farm Bill, they are eager to discuss the challenges farmers face before it is their turn to take up the critical legislation.
Productivity gains are supporting supply despite limited herd expansion.
Elena Chavez with Halter provided insight into the company’s virtual fencing technology, its adoption in the U.S., and the impact of recent funding on ranching operations.
The Biden Administration launched the Increasing Land, Capital, and Market Access (ILCMA) program in 2023 to help underserved farmers facing barriers to land ownership.
Justin Tupper with the U.S. Cattlemen’s Association joins us to discuss the USDA’s voluntary labeling updates, industry priorities, and the outlook for U.S. cattle producers.
Higher machinery costs are raising per-acre production expenses.