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.
Agricultural producers’ sentiment improved slightly in August compared to July as the Ag Economy Barometer rose four points to a reading of 138 vs. 134 a month earlier. Although the barometer and its two key sub-indices improved in August compared to July, all three indices remain well below the very positive sentiment readings posted this past spring.Read the Full Report
On the heels of a sharp two-month decline, the Agricultural Economy Barometer stabilized at a reading of 134 in July, just 3 points below a month earlier. This month’s sentiment index was the weakest barometer reading since July of 2020 and marked a return to sentiment readings observed from 2017 through 2019 when annual average barometer readings ranged from 131 to 133.Read the Full Report
For the second month in a row, the Ag Economy Barometer declined sharply, falling to a reading of 137, which was 21 points below a month earlier, and the weakest ag producer sentiment reading since July 2020.Read the Full Report
Philip Brasher, Agri-Pulse
Michigan Farm News
C.J. Miller, Hoosier Ag Today