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Farmer optimism sees divergence

Farmers are starting to view the near-term ag outlook as more positive than longer-term in the latest Purdue University/CME Group Ag Economy Barometer.    

“The index of current conditions is at or near record highs but the index of future expectations has dropped a bit.”

Purdue Ag Economist Michael Langemeier tells Brownfield farmer sentiment has been very stable over the past four months with optimism in part tied to improving financial performance however he says, “There’s quite a bit of uncertainty out there with regard to where prices are going to end up later this year.”

He adds an extremely high percentage of farmers also expect land values to increase over the next 12-months.

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