U.S. farmers’ outlook improved in March as the Purdue University/CME Group Ag Economy Barometer index increased to 114, three points higher.
The February Purdue University/CME Group Ag Economy Barometer reading reached 111, a 5-point rise from last month, attributed to optimism about the future.
In January 2024, farmer sentiment declined, with the Purdue University-CME Group Ag Economy Barometer Index dropping 8 points lower than the previous month.
Looking ahead to 2024, U.S. farmers’ inflation expectations have notably reduced compared to the start of 2023 according to the Ag Economy Barometer.
Just in time for holiday cheer, farmer sentiment appears to be on the rise for the second month in a row according to the latest Ag Economy Barometer.
In August 2023, the Purdue University-CME Group Ag Economy Barometer revealed a decline in farmers’ sentiment. The Ag Economy Barometer decreased by 8 points, settling at a reading of 115 for August, indicating a diminished confidence level among farmers. The drop in sentiment primarily stemmed from farmers’ less optimistic views regarding the current state of […]
June’s Purdue University-CME Group Ag Economy Barometer indicated improving sentiments driven by producers’ more optimistic view on a number of indexes.
Bank failures, rising interest rates, lower crop prices, and other factors appear to be negatively affecting farmer sentiment.
The Purdue University-CME Group Ag Economy Barometer Index fell 5 points in February to a reading of 125, while current and future expectations dropped.
Improved farmer sentiments from December carried into January based on the latest Purdue University-CME Group Ag Economy Barometer Index. The index rose again in January to a reading of 130, four points above its 2022 year-end index value, 34 percent above 2022’s lowest point last June.