Farmer Sentiment Weakens on Cost Concerns

The Purdue University/CME Group Ag Economy Barometer dropped five points in November to a reading of 116. Producers continue to be pessimistic about both the current and future outlook of the agricultural economy. Farmers are facing sharp increases in their cost of production that coincide with fluctuating crop and livestock prices. Other issues of concern […]

May Ag Economy Barometer Tumbles

The Purdue University/CME Group Ag Economy Barometer tumbled significantly in May, dropping 20 points to an index reading of 158. That marks the lowest point for the survey since September. Producers were less optimistic about both the current conditions and the future of the agricultural economy. The potential for changing tax rules and rising input […]

Ag Economy Barometer up 12 Points

The Ag Economy Barometer rose in March to 177, the highest reading for the barometer since the record setting performance in October of 184. Organizers say this month’s 12-point rise in the barometer was attributable almost entirely to ag producers’ more optimistic view of the future. The Index of Future Expectations climbed to 164, 16 […]

Farm Futures: Why Farmers Feel Threatened by Biden Administration

According to a recent Farm Futures survey, farmers feel threatened by potential policy objectives under the Biden administration. The survey shows nearly nine out of ten farmers believe taxes will go up under the current administration. Another 71% believe WOTUS will be overturned. Only 22% believe markets will stabilize with a new trade strategy. And […]

February Ag Economy Barometer Results

February’s Ag Economy Barometer reading of 165 changed little compared to January when the index stood at 167. This week’s reading shows producers continue to report strong current conditions on their farms as February’s Current Conditions Index value of 200 is near its all-time high. That continues a trend that started in the fall. However, […]

Farmer Optimism Lower in Latest Ag Economy Barometer

American farmer sentiment weakened following the November 2020 elections. The Purdue University-CME Group Ag Economy Barometer fell 16 points from a month earlier to a reading of 167. Although this month’s reading was nearly equal to the pre-pandemic high set back in February, it was 9% lower than the reading taken just two weeks before […]

Ag Economy Barometer Reaches All-Time High

The Purdue University/CME Group Ag Economy Barometer rose 27 points to a reading of 183 in October, setting an all-time high for the index. Farmers were more optimistic about both the future and current financial situations on their farms. The Current Conditions Index rose 36 points to a reading of 178, and the Future Expectations […]

Farmers Showing More Optimism in Monthly Ag Economy Barometer

American farmers were more optimistic in September. The Purdue University-CME Group Ag Economy Barometer climbed to 156, the highest reading for the index since the pandemic began last winter and 12 points higher than one-month earlier. Since July, the index is up 38 points and is 60 points higher than its 2020 low established back […]

Farmer Sentiment Unchanged Last Month

According to the Purdue University-CME Group Ag Economy Barometer, farmer sentiment in July was virtually unchanged from a month earlier. The index rose just one point to a reading of 118. That small change in the barometer left it 30% below its peak of the year, which occurred in February and 23% below its level […]

Ag Economy Barometer Shows Some Optimism

Farmer sentiment improved again in June as the Purdue University-CME Group Ag Economy Barometer rose 14 points to 117. The barometer’s rise was fueled by improvements in both the Index of Current Conditions, which rose to a reading of 99, a19% month-over-month increase, as well as the Index of Future Expectations, which climbed 12% higher […]