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, Michael Langemeier Agricultural producers’ sentiment improved markedly in November, reaching its highest level since October 2015. At 116, the Purdue University/CME Group Ag Economy Barometer–a monthly survey of 400 agricultural producers from across the country–was considerably higher than October 2016’s value of 92 and also compared favorably with the early summer reading of 112 (Figure 1). Reduced pessimism about the future, motivated in part by improving corn and especially soybean prices, was the driving force behind the improvement in this month’s barometer. The Ag Economy Barometer can be broken down into two component indexes: the Index of…Read the Full Report
By Jim Mintert, David Widmar, Michael Langemeier The Purdue/CME Group Ag Economy Barometer settled lower in October. Based on a survey of 400 agricultural producers across the U.S., the monthly measure of U.S. agricultural producers’ sentiment was measured at 92, the lowest reading since March 2016 and the second-lowest Ag Economy Barometer value since data collection began in October 2015 (Figure 1). The decline in producer sentiment recorded during October was primarily driven by an erosion in producers’ perspective regarding the long-run health of the U.S. agricultural economy. The forward-looking component of the Ag Economy Barometer, the Index…Read the Full Report
By Jim Mintert, David Widmar, Michael Langemeier The Purdue University/CME Group Ag Economy Barometer indicated that farmer sentiment improved modestly during September as fall harvest got under way across most of the U.S. Based on a monthly survey of 400 agricultural producers, the Ag Economy Barometer was at 101 in September (Figure 1). While this was moderately above the August value of 95, the barometer’s current reading remains well below its peak of 112 in July. The Ag Economy Barometer’s two sub-indices, the Index of Current Conditions and Index of Future Expectations, provide a more detailed view of what…Read the Full Report
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