By Jamie Martin
American farmers continue to express strong support for the administration's efforts to level the playing field in global trade and open up new markets for U.S.-grown products.
According to the latest Purdue University-CME Group Ag Economy Barometer, 70% of surveyed farmers believe that the administration’s tariff policies will benefit the agricultural economy in the long run. Farmer sentiment improved notably in April, with increased confidence in both current economic conditions and future expectations.
The Farm Capital Investment Index rose to its highest level since May 2021, signaling renewed optimism about long-term growth. “This month, one out of four respondents said it was a good time to make large investments, nearly double the percentage of respondents who said it was a good time to invest when surveyed from May through October of last year.”
Additionally, the Farm Financial Performance Index remained above 100 for the fourth consecutive month. This consistent trend suggests that many producers anticipate their financial results for the current year will match or slightly surpass those of the previous year.
Photo Credit: gettyimages-alexeyrumyantsev
Categories: National