There was a modest drop in agricultural producer sentiment in December of 2018, as farmers’ perception of both current and future economic conditions weakened, according to the most recent Purdue University/CME Group Ag Economy Barometer.

International agricultural trade issues continue to cause concern and could be causing producers’ reduced confidence in current economic conditions. When producers were asked whether they expect exports to increase or decrease in the next five years, 59% indicated that they expect ag exports to increase, down 7 points from November’s survey response, whereas 26% expect ag exports to decrease, up from 10% on the November survey.

Purdue ag economist James Mintert gives a video synopsis of the December 2018 report: