Concerns about future of ag trade driving sentiment lower?

It is clear from the survey that a trade war is of great concern to farmers.

Source: Purdue University

By James Mintert, David Widmar and Michael Langemeier

The Ag Economy barometer produced by Purdue University/CME Group shows concerns over the future of agriculture is driving sentiments lower. The barometer slipped to 135 in March. That's down 5 points from February.

From the March survey results, it’s clear that a large portion of producers are concerned about the possibility of a trade war erupting that could negatively impact ag exports. Concerns about ag exports could be one reason why fewer producers said now is a good time to make large farm investments in assets such as machinery and buildings.

 

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