About the Ag Economy Barometer
The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy. On the first Tuesday of each month, the Ag Economy Barometer provides a sense of the agricultural economy’s health with an index value. The index is based on a survey of 400 agricultural producers on economic sentiment each month. Quarterly, the index is accompanied by an in-depth survey of 100 agriculture and agribusiness thought leaders.
As CME Group’s roots are in agriculture, and Purdue University’s Center for Commercial Agriculture has a long history of producing cutting-edge agricultural research, this partnership is designed to create a new and important tool for producers, economists, traders, finance industry professionals and journalists who are interested in understanding the agriculture industry and the broader global economy.
The Purdue University-CME Group Ag Economy Barometer plummeted in May to a reading of just 99, the weakest farmer sentiment reading since April 2020. The May 2022 barometer reading marked just the 9th time since data collection began in fall 2015 that the overall measure of farmer sentiment fell below 100.Read the Full Report
The Purdue University-CME Group Ag Economy Barometer improved in April to a reading of 121, which was 8 points higher than a month earlier. Despite this month’s increase, the ag sentiment index remains 32% lower than its April 2021 reading.Read the Full Report
The Purdue University-CME Group Ag Economy Barometer dipped to a reading of 113 in March, the weakest farmer sentiment reading since May 2020 which was in the early days of the pandemic. The March reading was 12 points lower than a month earlier and 36% lower than in March 2021.Read the Full Report
Rhonda Brooks, AgWeb
Larry Avila, Northwest Indiana Business Magazine
Rachel Schutte, FarmProgress