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Purdue University
Aissa Good
(765) 496-3884
aissa@purdue.edu
Sarah Zahn
(765) 494-4310
smithse@purdue.edu
CME Group
Dana Schmidt
(312) 872-5443
dana.schmidt@cmegroup.com
Laurie Bischel
(312) 648-8698
laurie.bischel@cmegroup.com
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Reports
The Purdue University-CME Group Ag Economy Barometer Index climbed to 139 in November, 10 points higher than in October and the highest barometer reading since June of this year. The improvement in farmer sentiment was attributable to producers’ more optimistic outlook for the future, as the November Future Expectations Index reading of 144 was 15 points higher than in October.
There was a modest uptick in U.S. farmer sentiment in October as the Purdue University-CME Group Ag Economy Barometer index of 129 was 3 points higher than September’s reading. The slight rise in the barometer was fueled primarily by an increase in the Index of Current Conditions. Farmer’s appraisal of current conditions on their farms continues to be a tale of two economies – livestock vs crop sectors.