On April 6th Purdue University released the Ag. Economy Barometer initiated in October 2015 and extending through March 2021. Sentiment rose to 177 in March 2021up from 165 in the previous month and compared to 95 in March 2020. The Index comprised 75 for Current Conditions and 110 for the Future Expectation sub-indexes.
Optimism is based on:-
- Current high and rising ingredient prices,
- Increasing land values.
- Administration support for the ethanol industry,
- Trends in exports of commodities,
- Prospects for reopening the economy following acceleration of vaccination against COVID
