The Monthly Ag Economy Barometer rose four points in August to 138. Announced Tuesday, the modest rise was primarily attributable to an improvement in the Current Conditions Index, which climbed 9 points to 152. The Index of Future Expectations rose just two points to 132. Although the barometer and its two key sub-indices improved in August compared to July, all …
Ag Economy Barometer up 12 Points
The Ag Economy Barometer rose in March to 177, the highest reading for the barometer since the record high reading of 184 in October. Organizers say this month’s 12-point rise in the barometer was attributable almost entirely to ag producers’ more optimistic view of the future. The Index of Future Expectations climbed to 164, 16 points above February’s index. Although …
Ag Economy Barometer Reaches All-Time High
(NAFB) — The Purdue University/CME Group Ag Economy Barometer rose 27 points to a reading of 183 in October, setting an all-time high for the index. Farmers were more optimistic about both the future and current financial situations on their farms. The Current Conditions Index rose 36 points to a reading of 178, and the Future Expectations Index climbed 23 …
Farmer Sentiment Takes a Hit in March
(NAFB) — The Purdue University/CME Group Ag Economy Barometer took a dive in March, dropping 47 points from the previous month to a reading of 121. This was the biggest one-month drop in the history of the index, which dates back to late 2015. Declining agricultural commodity prices and the coronavirus impact on the U.S. economy and ag sector are …
November Ag Economy Barometer Released
(NAFB) — The Purdue/CME Group Ag Economy Barometer rose in November for the second month in a row, climbing to 153, 17 points higher than in October when the index stood at 136. This month’s rise in the ag economy sentiment index left the barometer tied with July for the highest reading of 2019. Once again, the rise was driven …
October Ag Economy Barometer Improves
(NAFB) — The October Ag Economy Barometer improved to a reading of 136 in October, up 15 points compared to September. The monthly measure of the farm economy saw an increase in the assessment of current and future conditions by farmers. The Current Conditions Index rose from 100 in September to 115 in October, and the Futures Expectations Index also …
Ag Economy Barometer Declines in December
The Purdue University/CME Group Ag Economy Barometer declined moderately in December to 127, seven points below the index’s value one month earlier. The Barometer is a monthly nationwide measure of the health of the U.S. agricultural economy. A rating below 100 is negative, while a rating above 100 indicates positive sentiment regarding the agriculture industry. The December 2018 barometer was …
Survey Shows Farmers Concerned with Lack of Farm Bill
Farmers are expressing concern over the lack of a new farm bill in the latest Purdue University/CME Group Ag Economy Barometer. The monthly survey in November asked producers how concerned they were regarding the farm bill. 75 percent of respondents said they were either somewhat or very concerned about the lack of a new farm bill with 33 percent of …
October Producer Sentiment Jumps Higher
The Purdue University/CME Group Ag Economy Barometer took a big jump up in October. The October index came in at 136, which was 22 points higher than the September index, and sits at a number close to its level in 2017. The driving force behind the jump in the index level was the improved way that producers see both current …
Ag Economy Index Sharply Lower on Farm Income Concerns
Concerns over weak farm income forced a sharp decline in the monthly Purdue University/CME Group Ag Economy Barometer. The index dropped to a reading of 114, 15 points below its August reading of 129 and its lowest reading since October 2016. Organizers say the barometer, a sentiment index based upon a nationwide monthly survey of 400 U.S. agricultural producers, has …
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