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.
The Purdue University-CME Group Ag Economy Barometer rose 4 points in October to a reading of 110.Read the Full Report
Agricultural producers’ sentiment declined for the second month in a row during September as the Purdue University-CME Group Ag Economy Barometer fell 9 points to a reading of 106.Read the Full Report
Agricultural producer sentiment improved slightly in July as the Purdue University-CME Group Ag Economy Barometer rose two points above its June reading to an index value of 123. This month’s survey was conducted from July 10-14, 2023.Read the Full Report
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…