Farmer sentiment is at its lowest point in nearly a decade, complicating an already tricky investment landscape ahead of a tight U.S. presidential election. In the face of weakening income expectations, farmer sentiment in September reached its lowest levels since March 2016 — driven in part by worries around the U.S. presidential election — according to the latest reading from the Purdue University/CME Group Ag Economy Barometer.
Owen underscored there are questions surrounding what will happen to the law's tax credits that affect the farming sector under either a Trump or Harris administration. The difference in both candidates' trade and tariff policies is another big factor, she said. Trump's economic platform features hardline tariff proposals . The Republican nominee also threatened in October to slap manufacturer Deere with a 200% tariff if it moves some of its factories to Mexico.
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