Farmers slightly optimistic

 

Farmers are slightly more optimistic heading into planting season according to the Purdue University/CME Group Ag Economy Barometer.

It rose 11 points to 127 in March.

The Future Expectations Index rose by 14 points as 62 per cent of those surveyed said they think the United States economy is headed in the right direction.

There was a slight improvement in farmers’ reports of their current conditions. 

The report said producers remain cautious. Only four per cent plan to increase machinery purchases and only 20 per cent expect improved financial performance this year.