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

Farmer Sentiment Slips Again as High Input Costs Remain Top Concern

June 2, 2026

Farmer sentiment dropped again in May as the Purdue University-CME Group Ag Economy Barometer declined from 121 points in April to 119. The Current Conditions Index fell by 8 points, while the Future Expectations Index increased by 1 point. The percentage of respondents who listed high input costs as their biggest concern was 51% in May, reaching a new high.

Farmer Sentiment Declines in April Amid Input Costs and Availability Concerns

May 5, 2026

Farmer sentiment declined in April with the Purdue University/CME Group Ag Economy Barometer, falling from 127 in March to 121. The drop reflects weaker confidence in current conditions, declining expectations for future performance, and continued concerns about input costs, availability, and global uncertainty. The Farm Capital Investment Index also fell to its lowest level since October 2024, signaling reduced willingness to make large investments. With two-thirds of producers expecting lower farm income in 2026 and many anticipating higher corn break-even prices, the report highlights growing financial pressure across U.S. agriculture.

Producer Sentiment and Land Value Expectations

May 1, 2026

Results from the March 2026 Purdue University-CME Group Ag Economy Barometer reveal a clear divide in producer sentiment based on land value expectations. Farmers expecting declining land values report weaker financial performance outlooks, lower investment confidence, and greater concern about input costs. In contrast, those expecting rising land values are more optimistic and influenced by factors such as alternative investments. Tracking these differences provides important context for understanding shifts in the farm economy.

UPCOMING EVENTS

We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.

POPULAR RESOURCES

See What Others Like >>