Jan 8, 2020 - Economy & Business

Despite the trade war, large-scale farmers remain very optimistic

Data: Purdue University/CME Group; Chart: Axios Visuals
Data: Purdue University/CME Group; Chart: Axios Visuals

Even after a very tough year in which farm debt has risen, sales have declined and the prices of key exports like soybeans have plummeted, large-scale U.S. farmers remain upbeat on their prospects, a survey shows.

Driving the news: The latest results of the Purdue University and CME Group reading of the agriculture economy showed a slight decline in December, but that was down from an all-time high touched in November.

Methodology: CME and Purdue surveyed 400 farmers whose farms have a market value upwards of $500,000 on a series of five questions.

  • A reading of 100 indicates that sentiment is neither improving nor worsening from a baseline set between late 2015 and early 2016. Higher readings indicate respondents are more positive, while readings below 100 indicate more negative sentiment.

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