The Purdue University/CME Group Ag Economy Barometer dropped 16 points to a reading of 167 in November, down from its all-time high set just one month ago.

Farmer sentiment improved in June for the second month in a row, rebounding from sharp declines that took place in both March and April.

Farmer sentiment improved slightly in May after falling sharply in both March and April, according to the Purdue University/CME Group Ag Economy Barometer.

The barometer plummeted as concerns over the impact of the coronavirus on the agricultural economy weighed heavily on farmers’ minds.