Ag Economy Barometer Stable, But Farmers Less Optimistic About Future

Farmer sentiment in July was virtually unchanged from a month earlier as the Purdue University-CME Group Ag Economy Barometer rose just one point to a reading of 118. Purdue ag economists James Mintert and Michael Langemeier review the results from the July 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The Purdue University-CME Group Ag Economy Barometer small change left it 30 percent below its February 2020 peak and 23 percent below its level a year ago. The full report is available at https://purdue.ag/agbarometer.