Apr 06, 2021
With spring comes renewed optimism from farmers as the Purdue University/CME Group Ag Economy Barometer rose 12 points to 177 in March, marking the highest reading since October 2020.
Ag Economy Barometer
The Index of Future Expectations snapped a four-month decline, rising 16 points to a reading of 164 in March. The Index of Current Conditions tied its previous all-time high, rising 2 points to a reading of 202. 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 March 22-26.
“Even with a rebound in crop production in 2021, it looks like carryover supplies of corn and soybeans will remain tight, providing producers’ confidence that crop prices will remain strong this year,” said James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture. “A rebound in the U.S. economy this summer combi
Pierre, SD, USA / DRGNews
Apr 6, 2021 11:00 AM
The Purdue University/CME Group Ag Economy Barometer rose 12 points in March to a reading of 177, marking the highest reading for the barometer since October. The rise was attributed to producers’ more optimistic view of the future. The Index of Future Expectations snapped a four-month decline, rising 16 points to a reading of 164 in March. The Index of Current Conditions tied its previous all-time high, rising 2 points to a reading of 202. 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 March 22-26.