U.S. farmers retained their post-election optimistic outlook at the start of the new year as the January Purdue University-CME Group Ag Economy Barometer Index rose 5 points above a month earlier to a reading of 141.
A year ago in the 2024 Dealer Business Outlook & Trends Report, dealers indicated 2024 would be the toughest year for business since the COVID-19 pandemic.
"Following the 2024 presidential election, farmers’ perspectives on potential policy shifts showed significant changes," JP Morgan analyst Tami Zakaria said in a note to investors.
How well do you know your farm equipment news? Test your knowledge of recent ag industry updates for July/August 2024! The Farm Equipment News IQ Quiz is brought to you with the support of Ag Equipment Intelligence.
A five-point decline in the Index of Future Expectations to 112 was responsible for the overall sentiment decline, as the June Current Conditions Index of 90 was one point above the May index value.
Executive editor Kim Schmidt checking in from Farm Equipment headquarters with an update on 2025 Dealership Minds Summit set for July 29-30 in Iowa City.
The program is out. Check it out at DealershipMindsSummit.com.
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