Ag Economy Barometer Shows Slow Recovery In Farmers' Sentiments
By Tyne Morgan
Ag Web
Optimism may be starting to sprout among farmers and ranchers, despite the impact COVID-19 is having on nearly every sector of agriculture. The latest Purdue University/CME Ag Economy Barometer showed a slight recovery for the month of May, up 7 points. That follows a dramatic drop in April when producer sentiments plummeted to 103. While outlooks start to improve, the Ag Economy Barometer is still nearly 40% below its all-time high of 168 set in February of this year.