Current Ag Economy Barometer report released: November 5, 2024
Upcoming release: December 3, 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 plummeted in April, declining to a reading of 115, an 18-point decline compared to March when the sentiment index stood at 133. The 18-point decline in the index was the fourth largest one-month fall in the barometer since data collection began in October 2015.
Read the Full Report“This month’s drop is largely due to producers’ weaker outlook regarding future economic conditions in agriculture.” said Jim Mintert. Watch as he reviews the Purdue/CME Group Ag Economy Barometer results at purdue.ag/barometervideo.
Read the Full ReportAg producer sentiment declines in February as farmers are less optimistic about current conditions and the commodity price outlook. Jim Mintert gives his review on the Ag Economy Barometer results at purdue.ag/barometervideo.
Read the Full ReportAgriTalk
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AgriTalk