Sentiment photo

WEST LAFAYETTE —Following a two-month decline and a year of weak sentiment, the Purdue University/CME Group Ag Economy Barometer closed out the year on a more positive note, rallying 24 points in December to a reading of 126.

U.S. farmers were more optimistic about both their current situation and expectations for the future, according to Purdue. The Current Conditions Index jumped 37 points to 135, while the Future Expectations Index increased 18 points to 122. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a phone survey.

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