Farmer sentiment improves following USDA's second MFP payment announcement and Farm Bill approval
CME Group Inc. - Class A (CME)
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Source: PR Newswire
WEST LAFAYETTE, Ind. and CHICAGO, Feb. 5, 2019 /PRNewswire/ -- Agricultural producers were more optimistic about the agricultural economy in January, but they remain concerned about farmland values, according to results from the January Purdue University/CME Group Ag Economy Barometer. The barometer, which is based on 400 survey responses from agricultural producers across the country, rebounded to a reading of 143 in January, a 16 point improvement from December."This survey provided us with the first opportunity to measure farmers' sentiment following the announcement of USDA's second round of Market Facilitation Program (MFP) payments and the passage of the 2018 Farm Bill," said James Mintert, the barometer's principal investigator and director of Purdue University's Center for Commercial Agriculture. "It appears that these two announcements provided a significant boost to producer sentiment regarding both current and future economic conditions," said Mintert. In January, both of t
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