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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…

Farmers Remain Cautiously Optimistic About Agricultural Economy

August 1, 2023

WEST LAFAYETTE, Ind. and CHICAGO — Agricultural producer sentiment improved slightly in July as the Purdue University/CME Group Ag Economy Barometer index rose two points to a reading of 123. Farmers were also more optimistic about their perception of current conditions and future expectations on their farms. The Index of Current Conditions rose 5 points to a reading of 121, while the Index…

Farmer sentiment rebounds on more optimistic view of future

July 5, 2023

WEST LAFAYETTE, Ind. and CHICAGO —The Purdue University/CME Group Ag Economy Barometer index improved in June, rising 17 points to a reading of 121. The upswing in sentiment was driven by producers’ more optimistic view of the future; however, their perception of current conditions remained unchanged from May. The Index of Future Expectations rose 25 points to a reading of 123,…

Farmer sentiment sours as crop prices decline

June 6, 2023

WEST LAFAYETTE, Ind. and CHICAGO —Producer sentiment fell to its weakest reading since July 2022, as the Purdue University/CME Group Ag Economy Barometer declined 19 points to a reading of 104 in May. The Index of Future Expectations was down 22 points to a reading of 98 in May, while the Index of Current Conditions was down 13 points to a reading of…

Farmer sentiment improves; less pessimism over interest rates

May 2, 2023

WEST LAFAYETTE, Ind. and CHICAGO — Farmer sentiment improved modestly in April as the Purdue University/CME Group Ag Economy Barometer rose 6 points to a reading of 123. Both of the barometer’s sub-indices were also higher in April, the Current Conditions Index was up 3 points to 129 and the Future Expectations Index was up 7 points to 120. The Ag Economy Barometer is calculated each month…