Mike Pearson examines the ag economy barometer published by Purdue University CME Group.
Overall, the ag economy improved during the month of October — at least modestly.
The November report highlighted the positive trend with the index rising four points in October to 110.
To complete the barometer, economists ask farmers about how they feel about the economy now and how they see the ag economy a year from now.
For the November index of current conditions, the barometer increased three points to 101.
And when it comes to the index of future conditions, the barometer increased 5 points to 114.
