Latest Ag Economy Barometer Shows Slight Improvement

Farmer sentiment improved modestly in December. The CME Group/Purdue University index, released Tuesday, rose to a reading of 174, up seven points from November. December’s sentiment improvement still left the barometer nine points lower than in October. The Index of Current Conditions climbed 15 points to 202, while the Index of Future Expectations increased by […]

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 […]

Pivoting For Idaho Potato Industry Not Over, Muir Says

When the pandemic started to impact the U.S. and global economies, one of the commodities that felt the brunt of the economic impact first was the potato industry. With restaurants and schools closed across the globe, demand plummeted, meaning many contracts went up in smoke. The Idaho Potato industry, like many others, worked around the […]

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 […]

Farmers Showing Optimism in Latest Ag Economy Barometer

Farmers were more optimistic in August, according to the latest Purdue University-CME Group Ag Economy Barometer. Last month’s reading of 144 was 26 points higher than the July figure. Organizers said the improvement resulted from improved perceptions regarding current conditions and better expectations for the future. The Index of Current Conditions rose 13 points in […]

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 […]

Ag Economy Barometer Shows Slight Improvement in May

After a sharp drop in March and April, farmer sentiment in May improved slightly. The Purdue University/CME Group Ag Economy Barometer rose to 103, seven points higher than April. However, the index remained almost 40 points below its all-time high of 168 that was set in February of this year. The people behind this month’s […]

Ag Economy Barometer Reaches Three-year Low

Commodity price declines, supply-chain disruptions, and coronavirus concerns pushed the Purdue University/CME Group Ag Economy Barometer down to a three-year low in April. The barometer recorded a reading of 96, marking the first time the barometer has fallen below 100 since October 2016. April’s reading was also a 72 point drop from February’s record high […]