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Reports

Low Commodity Prices Weigh on Producer Sentiment

September 6, 2016

James Mintert, David Widmar, and Michael Langemeier After several months of improvement in sentiment toward the ag economy, declining commodity prices weighed heavily on farmer sentiment during August. The Purdue University/CME Group Ag Economy Barometer–based upon a monthly survey of 400 farmers across the U.S.–fell to 95 in August, down from 112 in July. The…

Long Term Outlook Strengthens

August 2, 2016

By James Mintert, David A. Widmar, Michael Langemeier As the dust settled on what turned out to be a volatile June and early July for commodity markets, agricultural producer sentiment turned higher (Figure 1). The Purdue/CME Group Ag Economy Barometer, which is based on a monthly survey of 400 agricultural producers, came in at 112…

Ag Economy Barometer Moves Higher; Weather on Producers’ Minds

July 5, 2016

By: James Mintert and David Widmar The Ag Economy Barometer turned higher in June with the index settling at 104. The June agricultural sentiment reading was higher than during the six-month base period, which averaged 100 between October 2015 and March 2016, and was also stronger than May’s reading of 97 (Figure 1). June marked the…

Producer Sentiment Settles Lower; Outlook Toward Farmland Remains Favorable

June 7, 2016

After a surge in producer sentiment in April, spurred in part by a favorable swing in commodity prices, producer sentiment settled lower in May (Figure 1). At a value of 97, the Ag Economy Barometer – which is based on a monthly survey of 400 agricultural producers’ sentiment and opinions regarding the health of the…

Ag Producer Sentiment Improves Markedly During April

May 3, 2016

Following a series of declines in the Purdue University-CME Group Ag Economy Barometer from October through March, the April reading of the barometer improved sharply. The index (Figure 1) improved from 85 in March to 106 in April, a reading that was just slightly below its December 2015 level. The Ag Economy Barometer, based on…