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Each month Purdue University, in cooperation with the CME group, issues the Ag Barometer. It’s a little like the government’s survey of consumer confidence, but the barometer surveys farmers views of the ag economy.

Jim Mintert, Ag Economist at Purdue, compiles the survey data each month, and says the November report, issued this week, shows a sharp uptick in farmer economic confidence in November

The November election of Donald Trump may have encouraged hopes for tax and regulatory reform, as well as concern over trade relationships, says Mintert, but the real driver of the rise in confidence was due to stronger commodity prices and record or near record yields.

To read the full Ag Barometer report, google Purdue Ag Barometer.

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