Farmers are more optimistic about the future, according to the latest Purdue University-CME Group Ag Economy Barometer.
Jim Mintert, the survey’s principal investigator and director of Purdue’s Center for Commercial Agriculture, says the rise in sentiment was likely driven by an improvement in commodity prices at the time of the survey.
“From the 12th to the 16th of June, that’s when commodity prices were still in that rally that got started at the very end of May and continued through about the middle of June.