American farmers currently are the least optimistic about their industry since the uncertain days of April 2020.

The most recent Purdue University/CME Group Ag Economy Barometer revealed a fairly grim sentiment among the 400 farmers who are polled monthly for the ongoing metric of the U.S. ag economy.

The overall reading of the Barometer dipped precipitously in one month, from 121 in April 2022 to 99 in May. This near-record low reading is edging close to the bleak score of 96 posted in April 2020.

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