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. 

Farmer sentiment has improved marginally alongside current conditions and future expectations. However, these indexes are all still 23-24 percent lower than a year ago. Among the top concerns for producers are higher input prices, lower crop pricing, interest rates, and availability of units.

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 […]

The Ag Economy Barometer improved in April, up 8 points to a reading of 121; however, it remains 32 percent below its reading from the same time last year.

The March survey provided the first opportunity to ask producers how they expect the war in Ukraine to affect U.S. agriculture.

Famers are becoming more concerned about the rising cost of fertilizer and the ongoing supply chain disruptions, according to the Ag Economy Barometer.

The Purdue University/CME Group Ag Economy Barometer rose for only the second time since May, up 9 points to a reading of 125 in December.

Rising production costs, including those for fertilizer, farm machinery, seed and fuel, are of increasing concern to farmers.

Producers are less optimistic about both current conditions on their farming operations as well as their expectations for the future.