November 1, 2022

Ag Economy Barometer Declines Again, Producers Express Concern About Interest Rate Policy

Farmer sentiment weakened again in October as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 102, down 10 points compared to a month earlier. Both of the barometer’s sub-indices, the Index of Current Conditions and the Index of Future Expectations, declined this month. The Current Conditions Index dipped 8 points to a reading of 101 while the Future Expectations Index dropped 11 points to a reading of 102. When the barometer survey was launched in October 2015 estimates from the fourth quarter of 2015 and first quarter of 2016 served as the barometer’s base period and the average Ag Economy Barometer index value over those two quarters was 100. 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. This month’s survey was conducted from October 10-14, 2022.

20221101_PodcastOctoberAgEconomyBarometer

Download the Slides

Related Resources

The full report is available at https://purdue.ag/agbarometer.

TAGS:

sentiment

TEAM LINKS:

James Mintert

Michael Langemeier

RELATED RESOURCES

Producer Sentiment Slips Due to Rising Policy Uncertainty

April 1, 2025

Weaker expectations for the future led to a decline in farmer sentiment in March as the Purdue University/CME Group Ag Economy Barometer index fell 12 points to a reading of 140, down from 152 a month earlier. Purdue ag economists James Mintert and Michael Langemeier share their insight into the results of the March 2025 Ag Economy Barometer survey, conducted from March 10-14, in this episode of the Purdue Commercial AgCast.

Farmer Sentiment Rises as Current Conditions Improve on U.S. Farms

March 4, 2025

U.S. farmer sentiment continued its upward trend in February, as the Purdue University/CME Group Ag Economy Barometer rose 11 points from the previous month to a reading of 152. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the February 2025 Ag Economy Barometer survey, conducted from February 10-14, in this episode of the Purdue Commercial AgCast.

U.S. Farmers’ Retain Optmistic Outlook for 2025 Despite Ag Trade Uncertainty

February 4, 2025

U.S. farmers retained their post-election optimistic outlook at the start of the new year as the January Purdue University/CME Group Ag Economy Barometer Index rose 5 points above a month earlier to a reading of 141. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the January 2025 Ag Economy Barometer survey, conducted from January 13-17, in this episode of the Purdue Commercial AgCast.