If you talk to farmers at the town coffee shop, the local feed mill, the livestock auction — or about any other place — you’ll find they’re a little pessimistic about where the ag economy is headed.
And now there’s statistical evidence that shows their concern is more than talk.
The Ag Economy Barometer, a survey of 400 U.S. farmers by Purdue University, measures producer sentiment toward current and future expectations. The Nov. 3 release of data resulted in the second most pessimistic results since the survey began in October 2015.
The number of farmers reporting that they expect bad times financially over the next 12 months rose to 79 percent in October, an increase of 11 percentage points from the September survey and 16 percentage points from October 2015.
Results from the survey were released during a webinar hosted by James Mintert, professor and director for Purdue’s Center for Commercial Agriculture, and Michael Langemeier, professor and associate director.