Farmer Sentiment Improves But Producers Still Concerned About Rising Costs and Inflation

Farmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer index rose 14 points above its July reading to 117. This month’s survey was conducted from August 15-19, 2022. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists Michael Langemeier and James Mintert break down the results of the August 2022 Ag Economy Barometer survey. The accompanying slides are available and can be found below.