Purdue University/CME Group Ag Economy Barometer Drifts Lower, Farmers Remain Concerned About The Future Despite Strong Economic Conditions Date
The
Index of Current Conditions remained relatively flat, down 3 points to a reading of 199; the
Index of Future Expectations fell 10 points to a reading of 151. Since its peak in October of 2020, the
Ag Economy Barometer has fallen 9 percent, all attributable to weaker expectations for the future. The
Index of Future Expectations has fallen 19 percent since October, while the
Index of Current Conditions rose 12 percent over the same time period. The
Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers responses to a telephone survey. This month s survey was conducted from
Ag Barometer drifts lower, farmers remain concerned about the future despite strong economic conditions
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WEST LAFAYETTE, Ind. and CHICAGO, Feb. 2, 2021 /PRNewswire/ The Purdue University/CME Group Ag Economy Barometer dropped 7 points in January to a reading of 167. While the
Index of Current Conditions remained relatively flat, down 3 points to a reading of 199; the
Index of Future Expectations fell 10 points to a reading of 151. Since its peak in October of 2020, the
Ag Economy Barometer has fallen 9 percent, all attributable to weaker expectations for the future. The
Index of Future Expectations has fallen 19 percent since October, while the
The Purdue University/CME Group Ag Economy Barometer dropped 7 points in January to a reading of 167. While the Index of Current Conditions remained relatively flat, down 3 points to a reading of 199; the Index of Future Expectations fell 10 points to a reading of 151. Since its peak in October, the Ag Economy Barometer has fallen 9%, all attributable to weaker expectations for the future. The Index of Future Expectations has fallen 19% since October, while the Index of Current Conditions rose 12% over the same time period. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted from Jan.18-22.
Barometer decline driven by policy concerns, weaker expectations for the future. Index has fallen 19% since October.
James Mintert and Michael Langemeier | Feb 02, 2021
The Ag Economy Barometer declined 7 points in January to a reading of 167, which is equal to the index’s November reading.
Current conditions vs. future expectations
The Index of Current Conditions in January was essentially flat compared to a month earlier with a reading of 199 vs. 202 in December, whereas the Index of Future Expectations declined 10 points to a reading of 151.
Since peaking in October, the Ag Economy Barometer has fallen 16 points or about 9%. The barometer’s decline over the last three months is all attributable to weaker expectations for the future as the Index of Future Expectations has fallen 35 points, or about 19%, since October.
Ag Barometer drifts lower, farmers concerned about the future despite strong economic conditions
Ag Barometer drifts lower, farmers remain concerned about the future despite strong economic conditions. Purdue/CME Group Ag Economy Barometer/James Mintert
-Purdue and CME Group
WEST LAFAYETTE, Ind. and CHICAGO The Purdue University/CME Group Ag Economy Barometer dropped 7 points in January to a reading of 167. While the Index of Current Conditions remained relatively flat, down 3 points to a reading of 199; the Index of Future Expectations fell 10 points to a reading of 151. Since its peak in October, the Ag Economy Barometer has fallen 9%, all attributable to weaker expectations for the future. The Index of Future Expectations has fallen 19% since October, while the Index of Current Conditions rose 12% over the same time period. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was condu