Farmer Sentiment Hits A New Record

Farmer Sentiment Hits A New Record

I’m Clinton Griffiths with today’s AgDay Minute.

Between a bitterly-fought presidential election and a worldwide pandemic, you would think farmer sentiment would be running lower. But a new poll from Purdue University and the CME Group shows just the opposite. In fact, the new Ag Economy Barometer for October has hit a new record high, climbing to a reading of 183. That’s a 27-point increase from September. What’s behind the big increase? Experts say it’s been the rally in commodity prices and good crop yields combined with the second round of aid from the Coronavirus Food Assistance Program.

New census numbers show rural counties are hanging on to population in recent years. Take a look at this graphic. As of July 20-19, nonmetro or rural counties stood at 46-point-1 million people. That’s the green line you see. That accounts for roughly 14-percent of everyone in the U.S. As you can see, while people aren’t moving away from rural America as of 2019 the population had grown only a fraction year over year.

How cool is this? Farmer John, a subsidiary of Smithfield Foods had a goal of providing 1-million hot dogs to the greater Los Angeles community’s essential workers. And it met that goal in 14-weeks by making 64-stops and traveling 22-hundred miles. It distributed grab-and-go lunches to essential businesses by using the brand’s food truck and also making donations to local food banks. It managed to serve over one million hot dogs.

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