The Purdue University-Chicago Mercantile Exchange Ag Economy Barometer indicates the coronavirus pandemic is affecting farmers’ attitudes about the future.
The April reading was 96, the first time it’s been below 100 since October of 2016. In March the barometer hit 122 and in February it was up to 168.
Farmers told the economists their biggest fears are market access, followed by concerns about financial stability in their operations.
Purdue economists use the barometer to track farmers’ current and future attitudes concerning economic conditions.