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.
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 economy – was nine points lower than the April reading. The dip in the barometer during May brings the index back in line with readings provided by producers in January (98) and February (96) of this year. An examination of the Ag Economy Barometer’s […]Read the Full Report
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 a monthly survey of 400 agricultural producers from across the U.S., measures producer sentiment and opinions regarding the health of the agricultural economy by posing a set of five standard questions and using producer responses to calculate the index. (Click here for more about how […]Read the Full Report
By: Erica Quinlan, AgriNews
Louisiana Farm Bureau News
Red River Farm Network