farmer sentiment

Farmer Sentiment Improves, Producers Credit Stronger Financial Conditions

Dan Economy

For the second month, farmer sentiment improved as the Purdue University-CME Group Ag Economy Barometer climbed five points. November’s 12-point rise in the Current Conditions Index to a reading of 113 was primarily responsible for the month’s sentiment improvement as the Index of Future Expectations only improved by two points. Both sub-indices exceeded their year-ago levels in November. The Current …

farmer sentiment

Farmer Sentiment Rises in Latest Ag Economy Barometer

Dan Agri-Business, Economy

The Purdue University-CME Group Ag Economy Barometer rose four points in October to 110. The modest improvement in farmer sentiment resulted from farmers’ improved perspective on current conditions on their farms as well as their expectations for the future. The Index of Current Conditions rose three points to 101, while the Index of Future Expectations rose five points to 114. …

sentiment

Weakening Crop Prices and High Production Costs Weigh on Farmer Sentiment

Dan Economy

Agricultural producers’ sentiment declined for the second month in a row during September. The Purdue University-CME Group Ag Economy Barometer fell nine points to a reading of 106. Producers expressed concern about both their current situation as well as future prospects for their farms. The Current Conditions and Futures Expectations Indices both declined ten points in September, leaving the Current …

Ag Economy Barometer

Ag Economy Barometer: Farmer Sentiment Improves

Dan Agri-Business, Economy

Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline, up six points to 123. The Current Conditions Index rose three points to 129, while the Index of Future Expectations rose seven points to 120. More producers expect prime interest rates to either hold steady or possibly decline during the next 12 …

improvement

Improvement in Farmer Sentiment Carries Over into 2023

Dan Agri-Business, Economy

The Purdue University-CME Group Ag Economy Barometer Index rose again in January, to a reading of 130, four points above its 2022 year-end index value. The January survey results also pushed the index 34 percent above its 2022 low point, which occurred last June. The barometer’s modest rise in January was primarily attributable to better expectations for the future as …

sentiment

Farmer Sentiment Rebounds at Year End on Stronger 2022 Income

Dan Economy

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 …

farmer sentiment

Interest Rates Help Drive Farmer Sentiment Lower

Dan Economy

The Purdue University/CME Group Ag Economy Barometer’s farmer sentiment index dropped five points to 112 in September. The drop in farmer sentiment was primarily the result of producers’ weakened perception of current conditions. The Current Conditions Index dropped nine points to 109, and the Index of Future Expectations dropped three points to 113. Concerns about input costs and, in some …

farmer

Farmer Sentiment Plummets as Production Costs Skyrocket

Dan Economy

The Purdue University-CME Group Ag Economy Barometer plummeted in May to a reading of just 99, the weakest reading since April 2020. The May 2022 barometer reading marked just the ninth time since data collection began in fall 2015 that the overall measure of farmer sentiment fell below 100. Agricultural producers’ perceptions regarding current conditions on their farms, as well …

sentiment

Farmer Sentiment Rises during Commodity Price Rally

Dan Economy

The Purdue University-CME Group Ag Economy Barometer rose six points in February to 125, matching the sentiment reading from December. A more optimistic view of future conditions pushed the sentiment measure higher as the Index of Future Expectations rose ten points in February to 122, the most positive reading regarding the future by farmers since last August. The Index of …