March 2, 2021

Producers Bullish About Farmland Values Amid Strong Current Conditions

February’s Ag Economy Barometer changed very little compared to January, down 2 points to a reading of 165. Ongoing strength in ag commodity prices and farm income continue to support producers’ perspective on current conditions while concerns about possible policy changes affecting agriculture and eroding confidence in future growth in ag trade continue to weigh on producers’ future expectations. This month’s survey was conducted from February 15-19, 2021. Purdue ag economist James Mintert breaks down the results in the February 2021 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer​​.

TAGS:

TEAM LINKS:

RELATED RESOURCES

Ag Economy Barometer Remains Strong; Producers Concerned About Possible Changes in Estate Tax Policy

May 4, 2021

The April reading of the Ag Economy Barometer was 178, 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.

READ MORE

Strong Commodity Prices and Improved Financial Conditions Boost Ag Economy Barometer

April 6, 2021

The Ag Economy Barometer rose in March to 177, the highest reading for the barometer since the record high reading of 184 in October. Strong ag commodity prices and improved farm financial conditions continue to support the Ag Economy Barometer readings as we head into spring.

READ MORE

Ag Barometer drifts lower, farmers remain concerned about the future despite strong economic conditions

February 2, 2021

The Ag Economy Barometer drifted lower in January to a reading of 167, a decline of 7 points compared to…

READ MORE

UPCOMING EVENTS

Monthly Corn & Soybean Outlook Webinar Series

Webinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Join us Friday, May 14 for our next monthly update on the corn and soybean outlook following release of USDA’s May Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free.

Read More

Delivered right to your inbox

Don't miss our farm management program and resource updates! Receive our Commercial AGNews monthly newsletter - view the latest email here.