Category: Reports
Ag Economy Barometer falls for second month; rising input costs causing concern for farmers
Tuesday, July 6th, 2021
For the second month in a row, the Ag Economy Barometer declined sharply, falling to a reading of 137, which was 21 points below a month earlier, and the weakest ag producer sentiment reading since July 2020.
Ag Economy Barometer Declines Sharply; Producers Remain Bullish on Farmland Values
Tuesday, June 1st, 2021
The Ag Economy Barometer declined 20 points in May to 158 which is the lowest reading since September 2020. Both principal sub-indices, the Index of Current Conditions and Index of Futures Expectations, declined also. Reflecting expectations for a strong crop sector, two-thirds of corn and soybean producers expect farmland cash rental rates to rise in […]
Ag Economy Barometer remains strong; producers concerned about possible changes in estate tax policy
Tuesday, May 4th, 2021
The April Ag Economy Barometer was virtually unchanged from a month earlier when the index stood at 177 and just 5 points below its all-time high of 183, which was set back in October. Compared to March, however, there was a small change in producers’ perspective on the ag economy as they became more optimistic […]
Strong Commodity Prices and Improved Financial Conditions Boost Ag Economy Barometer
Tuesday, April 6th, 2021
The Ag Economy Barometer rose in March to 177, the highest reading for the barometer since the record high reading of 184 in October. Strong ag commodity prices and improved farm financial conditions continue to support the Ag Economy Barometer readings as we head into spring.
Producers Bullish About Farmland Values Amid Strong Current Conditions
Tuesday, March 2nd, 2021
February’s Ag Economy Barometer changed very little compared to January, down 2 points to a reading of 165. Ongoing strength in ag commodity prices and farm income continue to support producers’ perspective on current conditions while concerns about possible policy changes affecting agriculture and eroding confidence in future growth in ag trade continue to weigh […]
Ag Barometer drifts lower, farmers remain concerned about the future despite strong economic conditions
Tuesday, February 2nd, 2021
The Ag Economy Barometer drifted lower in January to a reading of 167, a decline of 7 points compared to December and equal to the index’s November reading. The barometer’s decline over the last three months is all attributable to weaker expectations for the future as the Index of Future Expectations has fallen 35 points.
Farmer sentiment rises as income prospects improve, concerns about key policy issues remain
Tuesday, January 5th, 2021
Farmer sentiment improved modestly in December as the Ag Economy Barometer rose to a reading of 174, up 7 points from November. Both of the barometer’s sub-indices, the Index of Current Conditions and the Index of Future Expectations, were higher in December than in November although the current conditions improvement was three-times the size of […]
Farmer sentiment pulls back post-election: regulation, trade, and taxes rated as top concerns
Tuesday, December 1st, 2020
U.S. farmers sentiment weakened following the November 2020 elections, as the Purdue University-CME Group Ag Economy Barometer fell 16 points from a month earlier to a reading of 167. The decline in the Ag Economy Barometer was the result of weakened expectations for the future on the part of agricultural producers.
Ag Economy Barometer Rises to Record High On Improving Financial Conditions
Tuesday, November 3rd, 2020
Farmer sentiment hit a new record high in October as the Purdue University-CME Group Ag Economy Barometer climbed to a reading of 183, a 27-point increase compared to September. The reading easily eclipsed the previous record high set back in February, before the pandemic’s onset.
Ag Barometer Rises as Crop Prices Rally and USDA Announces CFAP 2
Tuesday, October 6th, 2020
U.S. agricultural producers became more optimistic again in September as the Purdue University-CME Group Ag Economy Barometer climbed to 156, the highest reading for the index since the pandemic began last winter and 12 points higher than one-month earlier.
