Lower crop prices played a role in the drop in farmer sentiment in the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the survey’s principal investigator and director of Purdue’s Center for Commercial Agriculture.
“If you look at commodity prices from when we collected data in April to when we collected data in May, depending on whether you’re looking at corn, soybeans or wheat, those prices were all down between 8 and 10 percent,” he says.
