U.S. farmers’ confidence in the economy cratered in April, according to the latest monthly report from Purdue University.
The Purdue University-CME Group Ag Economy Barometer for last month, which was released Tuesday, fell 15 points from March. At 99, the current score is the lowest the barometer has dropped since it reached 97 in June 2022.
In addition, farmers’ sentiment regarding current conditions, one of the two indices used to create the barometer, continued a six-month slide. It fell 18 points to 83, which is the lowest that index has reached in nearly four years.
