Ag Economy Barometer Takes Sharp Drop, Farmland Value Expectations Climb

By PORTIA STEWART

Ag Web

The June 1 Purdue University/CME Group Ag Economy Barometer shows farmer sentiments declined significantly in May. Data showed a 20-point drop, falling from 178 to 158 and marking the lowest reading since September 2020.  

"The potential for changing tax rules and rising input costs appeared to be on producers’ minds this month and were the primary drivers for the Ag Barometer’s decline,” says James Mintert, a Purdue University economist and author of the Barometer.

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