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sentiment

High Input Costs and Rising Interest Rates Top Concerns As Farmer Sentiment Remains Unchanged

Farmer sentiment was unchanged in November as the Purdue University-CME Group Ag Economy Barometer Index came in at a reading of 102, the same as in October. There was however a slight shift in underlying sentiment as the Index of Current Conditions declined 3 points this month to a reading of 98 while the Index of Future Expectations rose 2 points to 104.
This month’s survey was conducted from October 10-14, 2022.

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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. This month’s survey was conducted from October 10-14, 2022.

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Farmer Sentiment Drifts Lower, Rising Interest Rates Contribute to Uneasiness

The Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier. This month’s survey was conducted from September 19-23, 2022. Purdue ag economists Michael Langemeier and James Mintert break down the results of the September 2022 Ag Economy Barometer survey.

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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, Nathan Thompson, and James Mintert break down the results of the August 2022 Ag Economy Barometer survey. Slides and audio transcript are available and can be found below.

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Slight increase in producer sentiment despite rising costs and lower crop prices

The Purdue-CME Group Ag Economy Barometer sentiment index rose 6 points in July to a reading of 103. Producers in this month’s survey were somewhat more optimistic about both current and future economic conditions on their farms than they were in June. This month’s survey was conducted from July 11-15, 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. Slides and audio transcript are available and can be found below.

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Farmer Sentiment Remains Weak, Crop Producers Contemplating Acreage Shifts in 2023

Farmer sentiment remained weak in June as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 97, 2 points below its May reading. This month’s survey was conducted from June 13-17, 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. Slides and audio transcript are available and can be found below.

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Farmer Sentiment Plummets As Production Costs Skyrocket

The Purdue University-CME Group Ag Economy Barometer plummeted in May to a reading of just 99, the weakest farmer sentiment reading since April 2020. The May 2022 barometer reading marked just the 9th time since data collection began in fall 2015 that the overall measure of farmer sentiment fell below 100. This month’s survey was conducted from May 16-20, 2022. Slides and a transcript from the discussion are available.

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Producer Sentiment Improves With Strengthened Commodity Prices; But High Cost Inflation Worries Farmers

The Purdue University-CME Group Ag Economy Barometer improved in April to a reading of 121, which was 8 points higher than a month earlier. Despite this month’s increase, the ag sentiment index remains 32% lower than its April 2021 reading. This month’s survey was conducted from April 18-22, 2022. Slides and a transcript from the discussion are available.

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Ag Economy Barometer Slides Lower, Producers Concerned About War’s Impact on Input Prices

The Purdue University-CME Group Ag Economy Barometer dipped to a reading of 113 in March, the weakest farmer sentiment reading since May 2020 which was in the early days of the pandemic. The March reading was 12 points lower than a month earlier and 36% lower than in March 2021. This month’s survey was conducted from  March 14-18, 2022.

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Farmer Sentiment Rises During Commodity Price Rally; Concern Over Production Costs Remains

The Purdue University-CME Group Ag Economy Barometer rose 6 points in February to 125, matching the sentiment index’s reading from December. This month’s survey was conducted from February 14-18 2022, which was just prior to Russia’s invasion of Ukraine.

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