Using the Ag Confidence Index as a Decision Tool

Inside Farmers’ Minds (By Linda H. Smith – DTN Progressive Farmer)

EXCERPT: Certainly, U.S. agriculture is a very diverse sector in terms of geography, products and farm income. Yet having an idea of how other farmers and ranchers are feeling can help you formulate your own plans. For instance, we know that capital purchases for the farm, including machinery and grain bins, for example, rise along with gross income. When farmers are optimistic about their price prospects, they are more willing to spend on fertilizer, which may suggest you should book in advance.

To read the full article and see results of the latest DTN Ag Confidence Index go to: http://about.dtnpf.com/ag/ag_confidence/index.cfm

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