More Details from USDA on Data Modernization, Farmer Sentiment Up

Line on Agriculture
The USDA has launched a data modernization plan to enhance digital experiences with farmers.

The Purdue University/CME Group Ag Economy Barometer rose to 135 in August, driven by optimism about the future, with a 13-point increase in future expectations.

Farm Outlook Dims; Trade Tensions Over Brazilian Beef and ScrewWorm Response Grow

Line on Agriculture
The Ag Economy Barometer dropped to 113 in June, with current conditions at 102 and future expectations at 106. Cattle groups oppose the US Trade Representative's potential exemption of Brazilian beef from Section 301 tariffs. Texas Agriculture Commissioner Sid Miller is advocating for ivermectin in livestock feed to combat the New World screwworm spreading in Texas.

Why Purdue Survey Shows Farmer Sentiment Improved

Line on Agriculture
The March Purdue University/CME Group Ag Economy Barometer showed improved farmer sentiment despite ongoing challenges such as tight margins, rising input costs, and higher financial risks. This improvement was partly due to bridge payments.

Cropland Value Higher and Ag Economy Barometer Rises

The Agribusiness Update
USDA reports 2020 cropland value up nearly 8%, and Purdue University/CME Group Ag Economy Barometer higher in August.