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, David Widmar and Michael Langemeier The Purdue/CME Group Ag Economy Barometer September reading of 132 was unchanged compared to August. The monthly measure of agricultural producer sentiment – which is based on a monthly survey of 400 U.S. producers of corn, soybeans, wheat, cotton, beef cattle, dairy cattle, and hogs – has ranged between 130 and 139 over the last six months and remains well below its peak level of 153 established in January 2017 (Figure 1). Although the Ag Economy Barometer was unchanged in September, the barometer’s two sub-indices, the Index of Current Conditions…Read the Full Report
James Mintert, David Widmar and Michael Langemeier The Purdue/CME Group Ag Economy Barometer drifted lower in August to 132 points, down seven points from a month earlier, but still markedly stronger than a year ago when the index was just 95. The barometer, a sentiment index based on a monthly survey of 400 agricultural producers from across the U.S., dropped back near to the level observed from April through June of this year. Since peaking in January at a reading of 153, monthly barometer readings have ranged from a low of 124 in March to 139 in July. The…Read the Full Report
The Purdue/CME Group Ag Economy Barometer turned higher in July, following several months of stagnation. The index of agricultural producer sentiment, which is based on a monthly survey of 400 agricultural producers from across the country, reached 139 in July – its highest level since January 2017 and its second-highest level since data collection began in October 2015 (Figure 1). Sentiment this summer among the nation’s agricultural producers is markedly more positive than during summer 2016, when barometer values ranged from the mid-90s to the low 100s. Continuing a trend that’s been underway for several months, the increase in the…Read the Full Report
Inside Indiana Business
Southeast AgNet Radio Network