November 3, 2020
Ag Economy Barometer Rises to Record High On Improving Financial Conditions
Farmer sentiment hit a new record high in October as the Purdue University-CME Group Ag Economy Barometer climbed to a reading of 183, a 27-point increase compared to September. The reading easily eclipsed the previous record high set back in February, before the pandemic’s onset. On this episode of the Purdue Commercial AgCast, Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the October 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer.
Webinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Catch the next monthly update on June 13th time TBD, for the corn and soybean outlook following release of USDA’s June Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free.Read More