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Current Ag Economy Barometer report released: July 6, 2021

Upcoming release: August 3, 2021

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.

Ag Economy Barometer falls for second month; rising input costs causing concern for farmers

July 6, 2021

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.

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Ag Economy Barometer Declines Sharply; Producers Remain Bullish on Farmland Values

June 1, 2021

The Ag Economy Barometer declined 20 points in May to 158 which is the lowest reading since September 2020. Both principal sub-indices, the Index of Current Conditions and Index of Futures Expectations, declined also. Reflecting expectations for a strong crop sector, two-thirds of corn and soybean producers expect farmland cash rental rates to rise in 2022 compared to 2021.

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Ag Economy Barometer remains strong; producers concerned about possible changes in estate tax policy

May 4, 2021

The April Ag Economy Barometer was virtually unchanged from a month earlier when the index stood at 177 and just 5 points below its all-time high of 183, which was set back in October. Compared to March, however, there was a small change in producers’ perspective on the ag economy as they became more optimistic about the future, while their appraisal of the current situation waned.

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The Farm Safety Net: The Good and Not So Good

May 3, 2016

Sensitivity Analysis of New Corn and Soybean Pricing Models

May 3, 2016

April 2016 U.S. Crop Price Update

May 3, 2016

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.