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Farmer sentiment recovers in May; interest in solar leasing rising

June 4, 2024

WEST LAFAYETTE, Ind. — U.S. farmers’ outlook improved in May as the Purdue University/CME Group Ag Economy Barometer index rose to 108, marking a 9-point increase from April. Both of the barometer’s subindices saw increases, with the Index of Future Expectations climbing 11 points to 117 and the Current Conditions Index rising 6 points. The rise in…

Farmer sentiment declines to lowest level since June 2022 amid weakened financial outlook

May 7, 2024

WEST LAFAYETTE, Ind. — April witnessed a steep decline in U.S. farmer sentiment, as indicated by the Purdue University/CME Group Ag Economy Barometer, which fell 15 points from March to a reading of 99. Both subindexes of the barometer also saw declines: The Current Condition Index dropped by 18 points to 83, while the Future Expectations…

Farmer sentiment improves as interest rate expectations shift

April 2, 2024

U.S. farmers’ outlook improved in March as the Purdue University/CME Group Ag Economy Barometer index rose to 114, marking a 3-point rise from February. While the Index of Current Conditions fell by 2 points to 101, the Index of Future Expectations climbed to 120, up by 5 points from February. The disparity between current and…

Modest improvement in farmer sentiment, yet financial concerns loom

March 5, 2024

The latest Purdue University/CME Group Ag Economy Barometer reveals a modest increase in farmer sentiment compared to the previous month, though concerns remain regarding farm financial performance in the year ahead.   The February barometer reading reached 111, marking a 5-point rise from last month. The small uptick is attributed to producers expressing increased optimism about the future,…

Weakened commodity prices cast a shadow on farmer sentiment

February 6, 2024

The most recent findings from the Purdue University/CME Group Ag Economy Barometer reveal a downturn in farmer sentiment at the start of 2024. The January barometer fell to a reading of 106, eight points lower than in December. Producers expressed a more pessimistic perspective about their farms’ current situation and future prospects. The Current Conditions…

U.S. farmer sentiment stable as inflation expectations subside

January 2, 2024

The latest report from the Purdue University/CME Group Ag Economy Barometer indicates that U.S. farmers inflation expectations have subsided while overall producer sentiment changed little. The December barometer recorded a reading of 114, just one point lower than in November. Both sub-indices of the barometer, the Index of Current Conditions and the Index of Future Expectations, mirrored…

Farmer sentiment improves, producers credit stronger financial conditions

December 5, 2023

Agricultural producers’ sentiment increased for the second consecutive month, as the Purdue University/CME Group Ag Economy Barometer index rose 5 points to a reading of 115, a 12% increase compared to the previous year. The sentiment growth is largely attributed to farmers’ improved perceptions of their farms’ financial conditions and prospects. This month’s Ag Economy…

Farmer sentiment rises as producers report improved financial conditions on their farms

November 7, 2023

There was a slight uptick in agricultural producers’ sentiment in October, as the Purdue University/CME Group Ag Economy Barometer index rose 4 points to a reading of 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…

Weakening crop prices and high production costs weigh on farmer sentiment

October 3, 2023

  WEST LAFAYETTE, Ind. – Agricultural producers’ sentiment declined for the second month in a row, as the Purdue University/CME Group Ag Economy Barometer index fell 9 points to a reading of 106 in September. Producers expressed concern about their current situation as well as future prospects for their farms. The Current Conditions and Future Expectations Indices both declined 10 points…

Farmer sentiment dips amid weaker view of current conditions

September 5, 2023

WEST LAFAYETTE, Ind. and CHICAGO —Producer sentiment was notably lower in August, as the Purdue University/CME Group Ag Economy Barometer index dipped 8 points to a reading of 115. This month’s decline was fueled by producers’ weaker perception of current conditions both on their farms and in U.S. agriculture. The Current Conditions Index fell 13 points to a reading of 108. The Future…