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Commodity price outlook and interest rate concerns cloud farmer sentiment

April 4, 2023

 Farmer sentiment weakened ­again in March as the Purdue University/CME Group Ag Economy Barometer fell 8 points to a reading of 117. Both of the barometer’s sub-indices declined 8 points in March, leaving the Current Conditions Index at 126 and the Future Expectations Index at 113. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted between March 13-17, which coincided with the demise of Silicon Valley Bank and Signature Bank.

Farmer sentiment dips in February

March 7, 2023

The Purdue University/CME Group Ag Economy Barometer dipped 5 points to a reading of 125 in February. This month’s survey was conducted between February 13-17.

Improvement in farmer sentiment carries over into 2023

February 7, 2023

Farmer sentiment was unchanged in November as the Purdue University-CME Group Ag Economy Barometer Index came in at a reading of 102, the same as in October. This month’s survey was conducted November 14-18, 2022.

Farmer sentiment rebounds at year end on stronger 2022 income

January 3, 2023

Farmer sentiment was unchanged in November as the Purdue University-CME Group Ag Economy Barometer Index came in at a reading of 102, the same as in October. This month’s survey was conducted November 14-18, 2022.

High input costs and rising interest rates top concerns as farmer sentiment remains unchanged

December 6, 2022

Farmer sentiment was unchanged in November as the Purdue University-CME Group Ag Economy Barometer Index came in at a reading of 102, the same as in October. This month’s survey was conducted November 14-18, 2022.

Ag Economy Barometer declines again, producers express concern about interest rate policy

November 1, 2022

WEST LAFAYETTE, Ind. and CHICAGO — Farmer sentiment weakened again in October as the Purdue University/CME Group Ag Economy Barometer dropped 10 points to a reading of 102. Both of the barometer’s sub-indices also declined this month. The Current Conditions Index dipped 8 points to a reading of 101 while the Future Expectations Index dropped 11 points to a reading of 102. The Ag Economy Barometer is calculated…

Farmer sentiment drifts lower, rising interest rates contribute to uneasiness

October 4, 2022

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer farmer sentiment index declined 5 points to a reading of 112 in September. The decline in farmer sentiment was primarily the result of producers’ weakened perception of current conditions, as the Current Conditions Index declined 9 points to 109. The Index of…

Farmer sentiment improves, but farmers still concerned about rising costs and inflation

September 6, 2022

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading of 117. The rise in the overall measure of agricultural producer sentiment was driven by increases in both the Index of Current Conditions, which rose 9 points to 118 and the Index…

Slight increase in producer sentiment despite rising costs and lower crop prices

August 2, 2022

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 6 points in July to a reading of 103. Producers were somewhat more optimistic about both current and future economic conditions on their farms when compared to June. The Index of Current Conditions rose 10 points to a reading…

Farmer sentiment remains weak, crop producers contemplating acreage shifts in 2023

July 5, 2022

WEST LAFAYETTE, Ind. and CHICAGO — The Purdue University/CME Group Ag Economy Barometer continued to slide in June, down 2 points to a reading of 97. Producers’ expectations for the future also weakened. The Index of Future Expectations fell 5 points to a reading of 96, marking the lowest level for the index since October 2016.…