WEST LAFAYETTE, Ind. — Three broad-based measures of farmer sentiment improved in July as the Purdue University/CME Group Ag Economy Barometer index rose 8 points to 113, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier. Despite declines in corn and soybean prices from mid-June to mid-July — Eastern Corn Belt cash prices fell 11% and 5%, respectively — farmer sentiment improved in July. Responses to the individual questions attribute this positive shift to fewer respondents reporting worsened conditions compared to a year ago and a decrease in those expecting negative future outcomes. This month’s Ag Economy Barometer survey was conducted from July 15-19, 2024.
The July survey showed that high input costs remained the biggest concern for 34% of farmers. Additionally, the risk of lower crop and livestock prices continues to worry producers, with 29% citing it as a top concern, up from 25% in June. Reflecting the signals from the Federal Reserve that interest rates have peaked, only 17% of respondents cited rising interest rates as a top concern, down from 23% last month.
The Farm Financial Performance Index dropped 4 points in July to 81, 6 points lower than in July 2023. The decline in financial performance expectations reflected farmers’ worries about weakening commodity prices and high input costs following improvements in the May and June indices. Although production costs for principal crops, including corn and soybeans, have decreased year over year, output prices have also fallen, raising the possibility of a cost-price squeeze for U.S. crop producers.
Despite concerns about farms’ financial performance, the Farm Capital Investment Index rose 6 points in July to 38, though it remains weak, at 7 points lower than in July 2023. This improvement was due to a slight decrease in the number of producers who believe it’s a bad time to make large investments, which dropped from 80% in June to 75% in July.
“Declines in crop prices point to lower producer incomes this year, so the increase in optimism was somewhat puzzling,” said James Mintert , the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture . “Fewer producers citing rising interest rates as a primary concern for the upcoming year corresponds with the modest improvement in their perspectives on capital investments, but respondents continue to express hesitancy to make large investments.”
July saw a small improvement in the Short-Term Farmland Value Expectations Index, rising to 118 from 115 in June. This was driven by more respondents expecting stable farmland values over the next year. At the same time, the Long-Term Farmland Value Expectations Index dropped 6 points from June to 146, with fewer farmers expecting values to rise over the next five years and more anticipating they will remain unchanged.
As nationwide discussions begin for the 2025 crop year’s farmland leases, the July survey revealed that nearly three-fourths (72%) of crop farmer respondents expect cash rental rates to remain roughly the same as in 2024. Among the remaining respondents, views were nearly evenly divided, with 15% anticipating a rise in rates and 13% expecting a decline.
About the Purdue University Center for Commercial Agriculture
The Center for Commercial Agriculture was founded in 2011 to provide professional development and educational programs for farmers. Housed within Purdue University’s Department of Agricultural Economics, the center’s faculty and staff develop and execute research and educational programs that address the different needs of managing in today’s business environment.
About CME Group
As the world’s leading derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data — empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates , equity indexes , foreign exchange , energy , agricultural products and metals . The company offers futures and options on futures trading through the CME Globex ® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
About Purdue University
Purdue University is a public research institution demonstrating excellence at scale. Ranked among top 10 public universities and with two colleges in the top four in the United States, Purdue discovers and disseminates knowledge with a quality and at a scale second to none. More than 105,000 students study at Purdue across modalities and locations, including nearly 50,000 in person on the West Lafayette campus. Committed to affordability and accessibility, Purdue’s main campus has frozen tuition 13 years in a row. See how Purdue never stops in the persistent pursuit of the next giant leap — including its first comprehensive urban campus in Indianapolis, the Mitch Daniels School of Business, Purdue Computes and the One Health initiative — at https://www.purdue.edu/president/strategic-initiatives .
Writer: Morgan French, [email protected]
Source: James Mintert, 765-494-7004, [email protected]
Media Contacts:
Aissa Good, Purdue University, 765-496-3884, [email protected]
Dana Schmidt, CME Group, 312-872-5443, [email protected]
Agricultural Communications: (765) 494-8415;
Maureen Manier, Department Head, [email protected]
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E ven before the official announcement that Tim Walz would be named the vice presidential candidate on the Democratic ticket, the Internet churned out a cacophony of clips and quips reflecting his progressive bona fides. As Minnesota governor embracing a gaggle of children at the bill signing for free school breakfasts and lunches. As folksy dad joking with his daughter, a vegetarian, about whether turkey is meat. (According to Walz, “In Minnesota, turkey is special.”)
Amid these, a corresponding, more crude moniker arose: Tampon Tim. This time, an apparent conservative dig referencing Walz’s support for a 2024 state law that requires all Minnesota public schools to provide menstrual products in bathrooms.
There is an element of deja vu in the timing. Nearly nine years ago to the day, on August 8, 2015, then-presidential candidate Donald Trump hurled an insult at then-Fox newscaster Megyn Kelly: he accused her of having “blood coming out of her wherever” when he thought her debate questions were unfair. At the time, I wrote here at TIME : “Period jokes are a dime a dozen, Donald. Half of the American electorate–indeed, half the world’s population–copes with menstruation. But for those who live in poverty, lack of access to menstrual health care is more than a punch line.”
Now nearly a decade later, periods have become a mainstream public policy priority. Far from being mocked or maligned, “menstrual equity” is an agenda that enjoys broad bipartisan support across the country. So far, 30 states have eliminated state sales tax on menstrual products (also known as the “tampon tax"), including a law signed last year by the Republican governor of Texas, Greg Abbott . Minnesota is one of 28 states committed by law and/or budget to providing menstrual products in schools, joined by states with Republican leadership like Georgia, New Hampshire, Ohio, and Utah.
In fact, in 2018, Trump himself signed the first-ever federal menstrual access requirement into law—the First Step Act , a 2018 prison and sentencing reform package that mandates menstrual product provision in federal prisons. In 2020 he went on to sign the CARES Act , which made it possible for the first time for employees to use their Flexible Spending Account allowances to buy menstrual products with pre-tax dollars.
As for the latest round of name calling, it seems the aspect of the Minnesota law that has conservatives most agitated is its language: the law states that pads and tampons must be available to “all menstruating students” and “in restrooms regularly used by students in grades 4 to 12.” A failed attempt to amend the bill to only name “female restrooms,” did not keep it from passing as is with bipartisan support. Among its Republican supporters, Rep. Dean Urdahl remarked , “Just talking with my wife and family members, they felt like it was an important issue I should support.”
And it really should be that simple. Policies that address the economic burden of menstruation, and that acknowledge the educational value of treating period products as basic school supplies, have proven to be a popular and common sense reform—at home and abroad.
As a matter of political gamesmanship, zeroing in on any issue that implicates reproductive health, menstruation among them, is a risky gambit for Republicans. Poll after poll shows that the majority of Americans support reproductive rights and turn out to vote on the issue. In her role as Vice President, Kamala Harris has taken up the discussion around menstrual literacy and data protection as it pertains to abortion, for example. With Gov. Walz as a champion for fighting period poverty, it is a drum the ticket is wise to beat.
And finally, as Walz reminds us—anyone who thinks that period jokes are appropriate or funny is just plain, well, weird.
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You don't have to travel far to see sunflowers in bloom. here are six places you can visit in central wisconsin..
The stores may be gearing up for the start of the school year and for fall décor, but the flower fields are brightening with the start of sunflower season.
The bursts of yellow, orange, brown and black are a bright addition to bouquets and make for great photo opportunities, as well.
Various farms are starting to announce their sunflower fields are ready for the season. Here’s some options for your sunflower needs.
Arnold’s Strawberries announced earlier this month its sunflower field will be open from sunrise to sunset daily at 343 Wood County PP in Rudolph.
As of Aug. 4, the farm was at about 15% bloom for its giant yellow sunflowers. Arnold’s Strawberries also has specialty sunflowers with brown, maroon and purple sunflowers, which were at about 50% bloom as of Aug. 4.
The farm has a lock box by a trailer hitch and asks for donations to benefit the South Wood County Humane Society and the Humane Society of Portage County. People can also bring pet supplies to donate to the organizations.
People are also welcome to take a flower or two home with them from Arnold’s Strawberries.
For more information, find Arnold’s Strawberries on Facebook.
Sunflowers return to the Auburndale School Forest, 10704 Park Ave. in Auburndale, for a fifth year. The two-acre field will be open to the public through Aug. 22. The sunflowers are located in the south field off the parking lot at the front of the school forest.
Visitors are invited to take selfies, bring a photographer or take a stroll through the flowers. There are several displays for photo opportunities including a swing and chair set, a platform, bridge, big chair, truck and tractor.
Proceeds from this year's sunflower field will benefit Toys for Tots of North Wood County. Visitors are encouraged to leave a donation in the John Deere mailbox on the trail on a picnic table.
According to the Facebook event, the sunflowers are best viewed when the sun is shining. Sunrise is 6 a.m. and sunset is best viewed about 7:30 p.m. as the field is surrounded by trees.
For more information, find the #Auburndalesunflowers event on Facebook.
Helene’s Hilltop Orchard anticipates its sunflowers will bloom Aug. 31 through Sept. 21 this year at N1189 Quarter Road in Merrill.
On its website, the farm says sunflowers are weather-dependent, and severe heat, wind, rain and cold can affect the flowers.
During its sunflower season, people can purchase a “Pick & Play” pass for $7.50 plus tax for guests older than 2 years old.
Helene’s Hilltop Orchard encourages guests to find great photo opportunities throughout the field. For more information, visit heleneshilltoporchard.com/fall-harvest or find Helene’s Hilltop Orchard on Facebook.
Pumpkin Hollow recently announced its sunflowers are blooming in the fields, and by mid-August, the fields will look “spectacular.” The flowers will bloom until September at 230222 Marathon County H in Edgar.
People can visit the farm and purchase sunflowers for 25 cents each and cut flowers at 10 cents per bloom, and they can pay at the box.
Pumpkin Hollow shared there are many great backgrounds for photos in a private setting, and the fields change weekly. Picnic tables are available for use, as well. The farm encourages photographers to scout out any photo opportunities ahead of time.
The farm will be open sunrise to sundown daily through the end of October. For more information, find Pumpkin Hollow on Facebook.
REI Engineering will host its fifth year of sunflower fields. This year, the company named this effort Harvest of Sunshine. Earlier this month, the company posted on its Facebook page it felt like the right time to give the community initiative a permanent identity.
The REI Engineering team started cultivating a sunflower field in 2019 for the community to enjoy for free. REI Engineering encourages the community to "pay it forward" by delivering a bouquet of sunflowers to someone in the community and to contribute a nonperishable food item to support Peyton's Promise , an organization working with 15 schools in D.C. Everest, Wausau, Marathon and Mosinee districts to fight hunger.
"We believe that small acts of kindness can have a powerful impact," REI Engineering posted on its Facebook page. "Whether it's sharing a sunflower, lending a helping hand, or offering a warm smile, these simple gestures can send ripples of positivity throughout our community."
Harvest of Sunshine will open its sunflower field in the next few weeks at 4080 N. 20th Ave. in Wausau. For more information, find REI Engineering, Inc. on Facebook.
Sopa Fairview Farm posted this week the sunflowers are getting close to fully blooming. The flowers should start blooming soon, and guests will be able to see them for about three weeks.
People can visit the farm from sunrise to sunset. Sunflower seeds and oil will be available to purchase on site, and donations are appreciated. Sopa Fairview Farm will host a Peak Sunflower Viewing event from sunrise to sunset Saturday, Aug. 10 at the farm at 8290 Old Amish Road in Amherst.
For more information, find Sopa Fairview Farm on Facebook.
More Wisconsin adventures: 7 Wisconsin adventures to end your summer with some thrills and shots of adrenaline
Did we miss your favorite sunflower farm? Contact Caitlin Shuda at [email protected] to submit a farm for consideration in this list.
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The local government in the Russian region of Kursk declared a state of emergency as military analysts reported that Ukrainian forces had advanced several miles across the border.
By Andrew E. Kramer
Reporting from Kyiv, Ukraine
After months of losing ground to Russia in brutal, grinding battles in Ukraine, Kyiv shifted tactics with a surprise attack into Russian territory this week that caught Moscow off guard and opened a new front in the 30-month war.
Ukrainian forces have punched through Russian border defenses and seized several settlements in fighting that was still raging on Thursday, according to Russian officials, a Ukrainian soldier and analysts. The attack triggered a state of emergency in one region in the west of Russia. Ukrainian armored columns were filmed moving along roads as far as six miles inside Russia.
But the attack left some military analysts wondering why Ukraine would throw scarce resources into a risky assault in a new area at a time when it is fighting pitched battles to hold on to positions in its own territory.
It was unclear whether Ukraine would seek to hold the area. Whatever the next step by Ukrainian forces, the attack appeared to push the limits on attacking inside Russia with American-provided equipment and put the Russians in disarray. American-made armored vehicles were also filmed being blown up in a Russian counterattack.
The goal was to shift the fighting — and Russian soldiers and weaponry — onto Russian territory and ease the pressure of Moscow’s offensive in eastern Ukraine, a senior Ukrainian official said. He asked not to be cited by name, as Ukraine has not acknowledged its soldiers are fighting in Russia.
“We are at war,” he said of striking inside enemy territory. “Why Russia can and we cannot?”
So far the assault has played out “much more successfully” than previous cross-border raids, the senior Ukrainian official said.
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