Gas Prices Drop and Farmer Sentiment Higher
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.**Guardian Agriculture recently announced it received approval from the Federal Aviation Administration to operate its aircraft nationwide.
FAA approval makes Guardian Agriculture the first commercially authorized Electric Vertical Take-Off and Landing in the U.S., allowing Guardian Agriculture to safely operate its unmanned autonomous spraying systems across the country.
But most of the available systems are too small to provide growers with full-field coverage at a competitive price.
**For the second straight week, the nation's average gas price dropped, falling 6.3 cents to $3.58 per gallon.
That’s up 8.2 cents from a month ago BUT 59.6 cents lower than a year ago.
The national average diesel price fell 5.3 cents and stands at $4.07 per gallon, $1.18 lower than a year ago.
That’s diesel’s lowest price in over 13 months.
**Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline, up six points to 123.
The Current Conditions Index rose three points to 129, while the Index of Future Expectations rose seven points to 120.
Perspectives on farmland values shifted somewhat in April, with fewer producers expecting values to decline in the upcoming year and more producers looking for values to rise.