U.S. Farmer Optimism Jumps Just in Time for Midterm Elections
Trade Agreement, Crop Prices Push Up Farmers’ Optimism, Ag Barometer Shows
New Ag Barometer Shows Some Optimism
Ag producer sentiment rebounds; producers react favorably to U.S.-Mexico-Canada Agreement
WEST LAFAYETTE, Ind. and CHICAGO – Agricultural producer sentiment rebounded in October, according to the Purdue University/CME Group Ag Economy Barometer. The October barometer reading of 136 was 22 points higher than September, which was the lowest reading for the survey since 2016. The barometer is based on a survey of 400 agricultural producers from…
Read MoreAg Barometer Rebounds in October
James Mintert and Michael Langemeier The Purdue University/CME Group Ag Economy Barometer rebounded in October to a reading of 136—a 22-point increase in the index compared to September—leaving the barometer nearly equal to its level one year ago. This month’s recovery in the barometer was underpinned by improved perceptions of both current conditions and future…
Read MoreAg Barometer drops to lowest level in two years as farm financial conditions worsen
WEST LAFAYETTE, Ind. and CHICAGO – Agricultural producer sentiment dropped to its lowest level since October 2016 as producers expressed concern over worsening farm financial conditions, according to the latest Purdue University/CME Group Ag Economy Barometer reading. The September barometer reading was 114, down 15 points since August. The barometer is based on a monthly…
Read MoreAg Barometer Drops Sharply on Concerns About Weak Farm Income
James Mintert and Michael Langemeier The Purdue University/CME Group Ag Economy Barometer fell to a reading of 114 in September, fifteen points below its August reading of 129 and its lowest reading since October 2016. September marked the second large decline in the barometer this summer, as it also declined precipitously in July. The…
Read MoreAg Producers’ Sentiment Rebounds in August
James Mintert & Michael Langemeier The Ag Economy Barometer rebounded in August to a reading of 129 after falling to 117 in July. Although the producer sentiment index increased by 12 points in August, producer sentiment remains well below its late spring readings of 141 in May and 143 in June. The shift in…
Read MoreFarmer sentiment rises, but opinions split over potential impact of aid package
WEST LAFAYETTE, Ind. and CHICAGO – Agricultural producer sentiment increased modestly in August after dipping sharply in July according to the latest Purdue University/CME Group Ag Economy Barometer reading. The barometer, which is based on a monthly survey of 400 agricultural producers from across the country, had an August reading of 129, 12 points higher…
Read MoreRecord decline in the ag barometer as trade war concerns and low commodity prices weaken producer
WEST LAFAYETTE, Ind. and CHICAGO – The Purdue University/CME Group Ag Economy Barometer declined 26 points, down to 117, in July making it the largest one-month decline in producer sentiment since data collection began in October 2015. The drop in sentiment was fueled by increasing trade war concerns and decreasing commodity prices. “This summer we’ve…
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