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.
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 expectations as the Index of Current Conditions rose 19 points to a reading of 115 and the Index of Future Expectations rose 24 points to a reading of 146. Month-to-month shifts in barometer readings continue to be quite large as U.S. agricultural producers are buffeted…Read the Full Report
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 barometer, a sentiment index based upon a nationwide monthly survey of 400 U.S. agricultural producers, has been unusually volatile in recent months. In June, the barometer came in at a reading of 143, but then declined sharply to 117 in July before recovering somewhat in…Read the Full Report
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 producer sentiment occurred primarily because producer’s perception of current conditions improved as the Index of Current Conditions increased to a reading of 121 following a dip to 99 in July. The Index of Future Expectations also rose in August but the increase was modest, rising…Read the Full Report
AgWeb, Cheyenne Kramer
Agriculture.com, FERN’s Ag Insider
RFD TV, Charlsie McKay