Producer sentiment is down as farmers continue to face trade uncertainty from retaliatory tariffs and low commodity prices.
Ag economist Jim Mintert says the Purdue University/CME Group Ag Economy Barometer fell 26 points, the largest one-month drop since the survey started.
“What drove that decline was primarily a really big drop in people’s perception of current conditions,” he says. “And the current condition index dropped 40 points from June to July-it was 138 in June and dropped to 99 in July.”
He tells Brownfield although some producers are hopeful that a quick resolution is possible, seven out of ten farmers surveyed said they expect their farm income to decline because of trade disputes.
