Higher prices for corn and soybeans brought a turn-around in farmers’ moods in the United States, reported Purdue University.
The improvement in July ended three straight months of declines in Ag Economy Monitor it publishes every month based on a survey of about 700 farmers.
Yet only 13 per cent said their financial situation is better than a year ago. About a third of those surveyed said they expect to end the year better than last year.
Only about a half of farmers think the U.S. is headed in the right direction, a sharp decline from the 70 per cent average for the last six months.
