The September Purdue University/CME Group Ag Economy Barometer reached its lowest readings since March 2016. Declining income expectations pushed farmer sentiment down as the barometer fell to 88, and the Index of Future Expectations dropped 14 points to 94. The Index of Current Conditions also fell seven points to 76, nearly matching levels seen in April 2020, during the height …
Farmer Sentiment Improves in March
The Purdue University/CME Group Ag Economy Barometer shows an improved outlook for U.S. farmers during March. The index rose to 114, a three-point increase over February. While the Index of Current Conditions fell by two points to 101, the Index of Future Expectations climbed to 120, up by five points compared to February. The disparity between the two was primarily …
Farm Bill Doubtful to Override California’s Prop 12
While farmers and ranchers are slightly more optimistic that Congress will get a new farm bill passed this year, Successful Farming says they don’t think the farm bill will get used to overturn California’s Prop 12 animal welfare law. The pork industry is looking for a legislative way to override the requirement after losing a Supreme Court challenge. About 36 …
Farmer Sentiment Drops in February
The Purdue University/CME Group Ag Economy Barometer dropped five points to 125 in February. Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future also weakened during the month. The Index of Current Conditions dipped two points to 134, and the Index of Future Expectations declined six points to 121. Several factors are weighing on …
Farmer Sentiment Unchanged Despite High Costs, Rising Interest Rates
There wasn’t much movement in the November Purdue University/CME Group Ag Economy Barometer. The index read 102 for the month, unchanged from October. However, the Current Conditions Index dropped three points to 98, while the Future Expectations Index rose two points to a reading of 104. Even though producer sentiment was the same in November, producers are continuing to look …
Farmer Optimism Remains Weak
The Purdue University/CME Group Ag Economy Barometer continued lower in June, down two points to a reading of 97. The barometer’s Index of Future Expectations also dropped, falling five points to a reading of 95, the lowest level since 2016. But producers were slightly more optimistic about their current conditions, as the Index of Current Conditions rose five points to …
Producer Sentiment Improves Despite Inflation Worries
The Purdue University/CME Group Ag Economy Barometer improved in April, rising eight points to a reading of 121. However, that remains 32 percent below its level from the same time last year. Producer perspectives on current conditions and future expectations saw an uptick over the past month. The Index of Current Conditions improved seven points to a reading of 120, …
Ag Economy Barometer Holds Steady
The Purdue University/CME Group Ag Economy Barometer leveled off after two months of sharp declines. The July reading is 134, down only three points from June. Both producers’ sentiment regarding current and future conditions also dropped. The Index of Current Conditions dropped six points to a reading of 143, primarily due to weaker crop prices. The Index of Future Expectations …
Latest Ag Economy Barometer Released
(NAFB) — Farmer sentiment improved modestly in December, according to the latest Ag Economy Barometer. The CME Group/Purdue University index, released Tuesday, rose to a reading of 174, up seven points from November. December’s sentiment improvement still left the barometer nine points lower than in October. The Index of Current Conditions climbed 15 points to 202, while the Index of …
Ag Producer Sentiment Improves in December
Producer sentiments took a post-election jump in the month of December. The Purdue University/CME Group Ag Economy Barometer December reading of 132 marked the second straight monthly increase. That’s also the highest level since the survey began in October of 2015. The December mark was 16 points above the November mark and 40 points higher than October. Producers seemed optimistic …