Article excerpts:

“Farmer sentiment jumped again in November, with the Purdue University/CME Group Ag Economy Barometer climbing 30 points to a reading of 145. This marked the highest level of farmer optimism since May 2021.”

“The November sentiment boost reflects growing optimism about a more favorable regulatory and tax environment for agriculture following the U.S. election.”

“The percentage of producers expecting their farm’s financial performance to improve over the next year climbed to 33%, up from 19% in October. Optimism about the U.S. agricultural sector also surged, with 34% of farmers anticipating good times financially in the next 12 months, more than double October’s 15%.”

“Farmers’ improved sentiment also carried over to their investment outlook, as the Farm Capital Investment Index rose 13 points in November to a reading of 55 — the highest level since May 2021.”

Link to article: HERE