CONCERN GROWS AMONG U.S. FARMERS AS DROUGHT WORSENS
According to the news source, the latest survey by DTN/The Progressive Farmer shows that although farmers are less optimistic about their current situations, they are, in fact, more hopeful about the future than they were five months ago. Respondents to the survey reported a score of 120.4 when it came to how they felt about their current farming conditions, down from 140.2 in March.
However, DTN noted that when it comes to how farmers feel about their operations one year from now, their sentiment came in at 98.2, up from 87.4 reported in the last survey. Another survey found farming conditions in the U.S. in the wake of the draught are now at 112.2, lower than February's reading.
"This year will be a tougher year for us," said Dietrich Kastens, who conceded he expects to have "significant losses" in his wheat, corn, sorghum and pea crops that sprawl across more than 10,000 acres outside Kansas. However, Kastens added that "the future looks good."
"I anticipate that farming will continue to see some pretty good times," he said.
According to the news source, the drought has been so bad the U.S.