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.
By James Mintert, David A. Widmar, Michael Langemeier As the dust settled on what turned out to be a volatile June and early July for commodity markets, agricultural producer sentiment turned higher (Figure 1). The Purdue/CME Group Ag Economy Barometer, which is based on a monthly survey of 400 agricultural producers, came in at 112 for July, up from 104 in June and 97 in May. The improvement in producer sentiment occurred despite the fact that grain and oilseed prices declined sharply in late June and early July. The uptick in sentiment was driven by producer’s expectations for the…Read the Full Report
By: James Mintert and David Widmar The Ag Economy Barometer turned higher in June with the index settling at 104. The June agricultural sentiment reading was higher than during the six-month base period, which averaged 100 between October 2015 and March 2016, and was also stronger than May’s reading of 97 (Figure 1). June marked the third month in a row that the Ag Economy Barometer was markedly stronger than the nine-month low of 85 set in March 2016. However, the sentiment index during June was still lower than the post-harvest high of 116 set in October 2015. Figure 1. Purdue…Read the Full Report
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
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