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Current Ag Economy Barometer report released: Jan. 7, 2020

Upcoming release: Feb. 4, 2020

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.

Farmers optimistic about the future, even as their perception of current economic conditions drops

January 7, 2020

The Ag Economy Barometer dipped to a reading of 150 in December, down 3 points compared to November. The barometer’s decline was attributable to a decline in producers’ perception of current economic conditions.

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Farmer sentiment jumps up in November as harvest winds down

December 3, 2019

The Ag Economy Barometer improved to a reading of 153 in November, up 17 points compared to October. This month’s rise in sentiment left the barometer tied with July for the highest reading of 2019.

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Farmer Sentiment on Trade and the Overall Ag Economy Improves As Fall Harvest Gets Underway

November 5, 2019

The Ag Economy Barometer improved to a reading of 136 in October, up 15 points compared to September, which pushed the barometer back to the same level observed in October 2018.

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U.S. Farm Incomes to Drop to Lowest Level Since 2002

May 3, 2016

Federal forecasters estimate that U.S. farm incomes will fall this year to the lowest level since 2002, reflecting a continued slump in prices for crops and livestock. Net farm income will drop 3% to $54.8 billion from $56.4 billion last year, the Agriculture Department projected Tuesday. It would mark the third consecutive year of falling agricultural incomes after profits surged to a record $123 billion in 2013—the height of a boom…

Farm Loan Volumes Holding at High Levels

May 3, 2016

Levels of non-real estate farm lending at commercial banks remained high in the fourth quarter of 2015 despite a modest decline from a year earlier. Loans used to finance current operating expenses remained at record levels, while volumes for most other types of non-real estate loans declined slightly. As farm income declined again in 2015, persistently high short-term lending needs amplified concerns about farm sector liquidity moving into 2016, especially if farmers’ profit margins remain low. Despite these concerns, agricultural banks continued to report strong loan performance and solid returns on their assets.

AgLetter, from the Federal Reserve Bank of Chicago

May 3, 2016

A quarterly newsletter on agricultural land values and credit conditions, based on data from the Bank’s survey.

Weekly Outlook: Pork Industry – A Little Profit for 2016

May 3, 2016

The outlook for the pork industry has turned somewhat more optimistic in recent weeks. The sources of that optimism include a $2 to $4 increase in spring and summer lean hog futures prices since the first of the year and slightly lower new-crop soybean meal prices. A bit higher hog prices and a little lower cost add to the potential for a profitable year.