Producers felt less optimistic about both current conditions on their farming operations as well as their expectations for the future.

Farmer’s optimism rose 12 points in March to a reading of 177 — marking the highest reading for the Ag Economy Barometer since October 2020. 

Farmers continue to report strong current economic conditions on their farms, according to the February Purdue University/CME Group Ag Economy Barometer.

The Index of Future Expectations has fallen 19 percent since October, while the Index of Current Conditions rose 12 percent over the same time period.

The Ag Economy Barometer recorded a reading of 96, marking the first time the barometer has fallen below 100 since October 2016.