Current Ag Economy Barometer report released: April 2, 2024
Upcoming release: May 7, 2024
About the Ag Economy Barometer
The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy. On the first Tuesday of each month, the Ag Economy Barometer provides a sense of the agricultural economy’s health with an index value. The index is based on a survey of 400 agricultural producers on economic sentiment each month. Quarterly, the index is accompanied by an in-depth survey of 100 agriculture and agribusiness thought leaders.
As CME Group’s roots are in agriculture, and Purdue University’s Center for Commercial Agriculture has a long history of producing cutting-edge agricultural research, this partnership is designed to create a new and important tool for producers, economists, traders, finance industry professionals and journalists who are interested in understanding the agriculture industry and the broader global economy.
Find the Ag Economy Barometer on the Bloomberg Terminal: AGECBARO, AGECCURC and AGECFTEX.
The Ag Economy Barometer dipped slightly in September to a reading of 121, down just 3 points from August, when the index stood at 124. Ag producers were noticeably more pessimistic about current conditions on their farms and in the U.S. ag economy.
Read the Full ReportAfter rising sharply two months in a row, the Ag Economy Barometer weakened significantly in August falling back to a reading of 124, down 29 points compared to a month earlier and just slightly below the June reading of 126.
Read the Full ReportConfidence in the ag economy soars; Producers confirm large prevented plantings of corn and soybeans
The Ag Economy Barometer improved by 27 points in July to a reading of 153. July was the second month in a row that the barometer rose sharply, leaving the barometer 52 points higher than in May.
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