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.

Stronger ’22 income predictions have led to improved producer sentiment in Dec. moving the Perdue/CME Group Ag Economy Barometer up 24 points at year end.