Farmer sentiment rises as producers report improved financial conditions on their farms
The modest improvement in farmer sentiment resulted from farmers' improved perspective on current conditions on their farms as well as their expectations for the future.
- The modest improvement in farmer sentiment resulted from farmers' improved perspective on current conditions on their farms as well as their expectations for the future.
- The Index of Current Conditions rose 3 points to 101 while the Index of Future Expectations rose 5 points to 114.
- Farmers' more optimistic view of their farms' financial situation was reflected in the Farm Financial Performance Index, which rose 6 points in October compared to September.
- Despite the perception that financial conditions were stronger than a month earlier, the Farm Capital Investment Index fell 4 points in October to a reading of 35.