Purdue/CME Group Ag Economy Barometer December

The December Purdue/CME Group Ag Economy Barometer suggests farmers are optimistic about the future, despite a weakened perception of current conditions.  The survey dropped three points in December to a reading of 150.  The Index of Current Conditions dropped 12 points to 141, down from 153 in November.  Meanwhile, the Index of Future Expectations remained strong, up two points to a reading of 155.

 

In the December survey, producers were asked whether their farm’s 2019 financial performance was better, as expected, or worse than their initial budget projections.  Just over-half, 52%, stated that their initial projections matched their farm’s financial performance.  Meanwhile, 30% stated it was worse, and 19% stated it was better than expected.

 

The barometer is based on a mid-month survey of 400 U.S. crop and livestock producers. A reading over 100 suggests optimism, while a reading under 100 indicates pessimism amongst farmers regarding the ag economy.

 

 

 

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