Farmer sentiment jumped again in November as the Purdue University/CME Group Ag Economy Barometer rose 30 points to 145.
That’s the highest level of farmer optimism since May 2021.
The Future Expectations index saw the largest jump, rising 37 points, while the Current Conditions Index increased 18 points to 113.
The November sentiment boost reflects growing optimism about a more favorable regulatory and tax environment for agriculture following the November election.
Optimism about the overall U.S. ag sector also surged as 34% of farmers anticipate good times financially in the next 12 months, more than double the October rate.
