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.
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.
The Purdue University/CME Group Ag Economy Barometer saw a significant decline in May, down 20 points to a reading of 158.
Ninety-five percent of respondents are concerned that changes in tax policy will make it more difficult to pass the farm to the next generation.
The Purdue University/CME Group Ag Economy Barometer dropped 16 points to a reading of 167 in November, down from its all-time high set just one month ago.
The Purdue University/CME Group Ag Economy Barometer rose to 183 in October and set an all-time high for farmer optimism on the index.
Farmer sentiment hit a post pandemic high in September, according to the Purdue University/CME Group Ag Economy Barometer.