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RECORD FARM INCOME RECOVERY NOW UNDERWAY
Nov. 24, 2020
Source: blog by Tyne Morgan, Farm Journal
To view the complete report, click here.
As the 2020 harvest comes to a close, it's a year marked with unknowns.
"This has been a phenomenal year with all sorts of market developments every month, we think we've got things figured out, and then the next month, something new happens," says Pat Westhoff, director of the Food and Agricultural Policy Research Institute at the University of Missouri.
After declining farm financial outlooks this spring, farmer sentiments are now skyrocketing.
"Since bottoming out in April at a rating of 96, the Ag Economy Barometer has been rising pretty consistently, and this month, it set a new record high at a reading of 183," says Jim Mintert of Purdue University.
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