Purdue University’s survey of farmers found them a bit grumpy about the future as crop prices decline.
The survey of Farm Financial Performance Index declined by 14 points since June and stood at 90.
Bids for fall-delivery corn have declined by seven per cent and for soybeans by three per cent.
The overall index of farmer sentiment declined by 11 points to 135.
The decline in farmers’ income prospects contributed to a 7-point drop in July’s Farm Capital Investment Index to a reading of 53.
On the brighter side, a third of the farmers surveyed said they anticipate receiving more government subsidies this year than last.
