Agriculture Confidence Index
As 2017 came to a close, farmers showed twice the optimism about current conditions as they did in late 2016. The latest Agriculture Confidence Index results also show a convergence of farmer attitudes, as optimism for the future falls with continued flat grain prices and the beginnings of a downturn in livestock markets. Meanwhile, agribusinesses surveyed by DTN/The Progressive Farmer for the Agribusiness Confidence Index showed a more tempered response.
Farmers, while extremely pessimistic about current conditions, show signs of seeing a turnaround in the future.