The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading 117. The rise in the overall measure of agricultural producer sentiment was driven by increases in both the Index of Current Conditions, which rose nine points to 118 and the Index of Future Expectations, which climbed 16 points to 116.
Ag Economy Barometer
The Purdue University/CME Group Ag Economy Barometer fell another two points in June, to a reading of 97. Farmer’s sentiments for the future remain low.
Agricultural producers are struggling with increasing concerns about future success as input costs continue to rise. Some farmers are expressing fears of input costs rising as much as 40% over 2021 and 20% or more heading into 2023. In May, the Purdue University-CME Group Ag Economy Barometer fell below 100 for the first time since […]