Farmer sentiment in the United States jumped in May from the previous month, with producers expressing a more optimistic view of American agriculture trade prospects, Purdue University said in a June 3 statement.
The Purdue University-CME Group Ag Economy Barometer index hit 158 last month, up by 10 points from April, and has now recorded the highest level since May 2021. The index measures the overall health of the U.S. agricultural economy and is based on a survey conducted among 400 agricultural producers.
“Farmers were more optimistic about both current conditions and their expectations for the future as the Current Conditions Index improved by 5 points to 146 and the Future Expectations Index jumped 12 points to 164,” the statement said….