Farmer Sentiment Index Up 6 Points and U.S. Cropland Prices Higher
**The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose six points in July to a reading of 103, somewhat more optimistic than June, but there’s still a lot of uncertainty in the ag economy.
Key commodity prices, including wheat, corn, and soybeans all weakened during the month, and producers remain concerned over rising input prices and availability.
49% of the respondents said they expect their farm to be worse off financially a year from now.
**The National Chicken Council responded to the USDA’s Food Safety and Inspection Service plan to declare salmonella a contaminant in frozen, raw, breaded, stuffed chicken products.
Senior Vice President, Dr. Ashley Peterson says the NCC is concerned about the precedent set by this abrupt shift in long-standing policy, which was made without supporting data.
He believes FSIS already has the ability to ensure the continued safety of these products.
**The sale prices for good cropland in rural America continue upward, reaching new high points in many states.
Farmers National Company says the “record” sale prices continue to capture headlines, but there has generally been continued strength in the land market, with good cropland attracting the most attention from buyers.
Senior Vice President, Randy Dickhut says, the upcoming months will set the trend in land prices.