The Index of Future Conditions turned down in September while the Index of Current Conditions improved.
For 2017, farmers see their current financial positions are about where they expected them to be by this time of the year.
Overall, the amount of prevented-planting acres is a slight fraction of the 90 million acres of both corn and soybeans expected for 2017.
A more pessimistic pattern showed up when farmers were asked about crop prices in the next 12 months.
If there is any silver lining in declining farm incomes, it’s that farm loan delinquencies are occurring at a slower pace than in the 1990s and the early 2000s.
Still not a good time for passing on the farm, survey shows.
During July, 40% of producer respondents expect bad times, which is the lowest percentage observed in 10 months of data collection.
Rates and trends vary from national, state and county levels.
When China speaks, the market definitely listens.
A much-needed budget relief will be seen in 2017.