july

Producer Sentiment Plummets in July

Dan Economy, Industry News Release

Concerns over agricultural trade weighed heavily on producers’ current and future expectations of the agricultural economy. As a result, the Purdue/CME Group Ag Economy Barometer tumbled in July, dropping 26 points to a reading of 117. To paint a further bleak picture, the Index of Current Conditions fell from 138 in June down to 99, while the Index of Future …

smithfield foods

Smithfield Foods Hit with Hefty Penalty in North Carolina

Dan Economy, Industry News Release, Pork

A federal jury in North Carolina decided on Friday that Smithfield Foods would have to pay a hefty dollar amount of $473.5 million dollars to neighbors of three of the company’s large hog farms. The neighbors had filed an unreasonable nuisance lawsuit because of odors, flies, and large trucks rumbling down the road. The jury says Smithfield owes the compensation …

usda

Trade Assistance Details Still Being Worked Out

Dan Industry News Release, Trade

The Trump Administration announced its $12 billion plan to help farmers struggling under the escalating trade wars. Politico says there are still important details to be worked out, including just how much help farmers will get and how they’ll prove economic harm. More details are scheduled to come out after Labor Day. USDA Chief Economist Robert Johansson says soybean farmers, …

export

Perdue Announces Plan to Help Farmers Hurt by Tariffs

Dan Economy, Trade

Agriculture Secretary Sonny Perdue has unveiled what he has called his “playbook” of programs to help farmers hurt by tariffs. Gary Crawford has the details. Perdue Announces Plan to Help Farmers Hurt by Tariffs And as Gary Crawford reports, USDA’s program to help farmers hurt by trade disruptions also serves some other functions in the process. Plan to Help Farmers …

rural

Rural Mainstreet Index Chief Eyeing Two Economic Red Flags

Dan Economy, Industry News Release, Trade

The Rural Mainstreet Index has been steadily climbing over the last four months, signaling improving conditions in farm country. However, the man behind the RMI, Ernie Goss from Creighton University, says he has his eyes on two issues; trade and interest rates. A Farm Journal report says Goss credits exports as one of the biggest reasons for improving economic conditions, …

prices

John Deere Raising Prices to Cover Steel Costs

Dan Economy, Industry News Release

Deere & Company is raising equipment prices in order to protect profits as costs rise. The farm and construction machinery manufacturer says profits were up 50 percent and equipment sales were up 34 percent annually in its latest quarter. However, a Dow Jones report says those numbers disappointed analysts. Deere’s share rose nearly six percent as investors are focusing on …

purdue

Purdue/CME Group Ag Economy Barometer Slips in April Report

Dan Economy, Industry News Release

The latest measure of producer mindset dipped lower in April. The Purdue/CME Group Ag Economy Barometer fell to 125 last month, which was ten points lower than a month earlier and 15 points below its February reading. Organizers say the sharp drop in the ag producer sentiment index was attributable to producers’ weakening perceptions of current conditions in the production …

ag economy barometer

Ag Economy Barometer Results for March

Dan Economy, Industry News Release

Farmers are expressing concerns regarding agricultural trade, according to the latest Purdue/CME Group Ag Economy Barometer. The barometer slipped to 135 in March, down five points compared to February, but unchanged from January’s results. The decline was attributed to farmers weakening perceptions of current conditions and a decline in their expectations for the future. The index surveys 400 producers each …

ag

Ag Producer Sentiment Improves; but Uncertainty about the Future of NAFTA Looms

Dan Economy, Industry News Release

The Purdue/CME Group Ag Economy Barometer moved higher again in February. At 140 points, producer sentiment, which is based on monthly survey of 400 agricultural producers from across the country, reached its second-highest level in more than two years of data collection. Sentiment is also higher for the second-consecutive month, providing a strong 14-point boost to the index compared to …