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Producer sentiment improves with strengthened commodity prices; but high cost inflation worries farmers

May 3, 2022

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer improved in April up 8 points to a reading of 121; however, it remains 32% below its reading from the same time last year. Producers’ perspective on current conditions and future expectations saw an uptick over the past month. The Index of…

Ag Economy Barometer slides lower, producers concerned about war’s impact on input prices

April 5, 2022

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer dipped to a reading of 113 in March, down 12 points from February and 36% lower than March 2021, marking the weakest farmer sentiment reading since May 2020, the early days of the pandemic. The decline was driven by producers’ weaker perceptions…

Farmer sentiment rises during commodity price rally; concern over production costs remains

March 1, 2022

WEST LAFAYETTE, Ind. and CHICAGO — Farmer sentiment continues to fluctuate month-to-month as the Purdue University/CME Group Ag Economy Barometer rose 6 points to a reading of 125 in February, a mirror image of the previous month. The Index of Current Conditions was down 1 point to a reading of 132, while the Index of…

Ag Economy Barometer declines, producers concerned about rising costs and supply chain disruptions

February 1, 2022

WEST LAFAYETTE, Ind. and CHICAGO — Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to a reading of 119, its second-lowest reading since July 2020. The Index of Current Conditions fell 13 points to a reading of 133, while the Index of Future Expectations changed little in…

Farmer sentiment rises on strengthening current financial position

January 4, 2022

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer rose for only the second time since May, up 9 points to a reading of 125 in December. The Index of Current Conditions and the Index of Future Expectations also rose this month with a stronger current conditions index primarily responsible for…

Farmer sentiment weakens as production cost concerns mount

December 7, 2021

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer slipped 5 points in November to a reading of 116 as producers continue to be pessimistic about both the current and future outlook of the agricultural economy. The Index of Current Conditions declined 7 points in November to a reading of 128…

Farmer sentiment weakens amid rising concerns of a cost-price squeeze

November 2, 2021

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer recorded a drop in producer sentiment in October, down 3 points to a reading of 121. The modest drop was part of a three-month slide for the index primarily due to producers’ weakened perceptions for both current and future conditions in the…

Farmer sentiment declines in September, inflation expectations jump

October 5, 2021

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer declined in September, down 14 points to a reading of 124. With producers feeling less optimistic about both current conditions on their farming operations as well as their expectations for the future, this is the weakest farmer sentiment reading since July 2020…

Farmer sentiment improves in August, but inflationary concerns mount

September 7, 2021

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer improved in August, up 4 points to a reading of 138. The modest rise was attributable to improvements in both of the barometer’s sub-indices. The Index of Current Conditions rose 9 points to a reading of 152 and the Index of Future…

As producer sentiment holds steady, farmers weigh in on rising input prices and farmland values

August 3, 2021

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer leveled off after two months of sharp declines, down just 3 points to a reading of 134 in July. Both producers’ sentiment regarding current and future conditions also dropped. The Index of Current Conditions was down 6 points to a reading of…