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.
James Mintert, David Widmar and Michael Langemeier The Purdue/CME Group Ag Economy Barometer fell to 125 in April, which was 10 points lower than a month earlier and 15 points below its February reading (Figure 1). The sharp drop in the ag producer sentiment index, which is based upon a monthly a survey of 400 agricultural producers from across the U.S., was attributable to producers’ weakening perceptions of current conditions in the production agriculture sector, along with a decline in their expectations for future economic conditions. The Index of Current Conditions fell to 123, 11 points lower than in March,…
Read the Full ReportJames Mintert, David Widmar and Michael Langemeier The Purdue/CME Group Ag Economy Barometer slipped to 135 in March, down 5 points compared to February, but unchanged from January’s results (Figure 1). The decline in the sentiment index, which is based upon a monthly a survey of 400 agricultural producers from across the U.S, was attributable to ag producers’ weakening perceptions of current conditions and a decline in their expectations for the future. The Index of Current Conditions fell to 134 in March, a 9-point drop from February, and the Index of Future Expectations slipped to 135, down 4 points compared…
Read the Full ReportJames Mintert, David Widmar and Michael Langemeier The Purdue/CME Group Ag Economy Barometer moved higher again in February. At 140 points, producer sentiment, which is based on monthly survey of 400 agricultural producers from across the country, reached its second-highest level in more than two years of data collection. Sentiment is also higher for the second-consecutive month, providing a strong 14-point boost to the index compared to December 2017. While the Ag Economy Barometer reached a survey high of more than 150 points back in January 2017, it’s worth noting the difference between the January 2017 peak in…
Read the Full ReportAgriTalk
By Marina Mayer, Food Logistics
By Michael Hirtzer, Bloomberg
By Erin Anderson, Brownfield Ag News
by Russell Nemetz, Ag Information Network of the West
AgriTalk