sentiment

Farmer Sentiment Rebounds at Year End on Stronger 2022 Income

Dan Economy

sentiment

Producer sentiment improved sharply in December as the Purdue University-CME Group Ag Economy Barometer Index reading of 126 was 24 points higher than a month earlier. Although U.S. farmers were more positive regarding both the current situation and the future, the biggest improvement was in their assessment of current conditions. The Current Conditions Index reached 135, 37 points higher than in November, while the Future Expectations Index hit 122, 18 points above a month earlier. The improvement in current sentiment was motivated by producers’ stronger perception of current financial conditions on their farms as the Farm Financial Performance Index climbed 18 points above the prior month’s reading to reach 109, which was the only time in 2022 that the index was above 100.

sentiment
Figure 1. Purdue/CME Group Ag Econom­­­y Barometer, October 2015-December 2022.
sentiment
Figure 2. Indices of Current Conditions and Future Expectations, October 2015-December 2022.

The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated monthly from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted from December 5-9, 2022.

Farmer Sentiment Rebounds at Year End on Stronger 2022 Income

Sabrina Halvorson
National Correspondent / AgNet Media, Inc.

Sabrina Halvorson is an award-winning journalist, broadcaster, and public speaker who specializes in agriculture. She is a native of California’s agriculture-rich Central Valley.