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.
For only the second time since May, the Ag Economy Barometer rose in December. This month’s index climbed to a reading of 125, 9 points higher than in November.Read the Full Report
The Ag Economy Barometer slipped to a reading of 116 in November, down 5 points from October and 30% lower than in November 2020 when the barometer stood at 167.Read the Full Report
For the third month in a row, agricultural producer sentiment weakened in October as the Ag Economy Barometer declined to 121, 3 points lower than a month earlierRead the Full Report
Red River Farm Network
By: Jody Heemstra, DRG News
By NAFB News Service, Rural Radio Network