Jun 15, 2021 to Jun 17, 2021
The potential for rising input prices and changing taxes pushed the Purdue University/CME Group Ag Economy Barometer down 20 points in May. The reading of 158 is the lowest survey reading since September 2020. Producers were less optimistic about both current conditions and the future of the agricultural economy. The Index of Current Conditions dropped 17 points to a reading of 178, and the Index of Future Expectations fell 20 points to a reading of 149.
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 May 10-14.
Producers expressed less optimism about their farm’s financial performance this month. The Farm Financial Performance Index declined to 126 from a record high 138 in April. Although May’s index was 12 points lower than a month earlier, it was still the second highest reading since the financial performance question was first pose
Purdue University/CME Group Ag Economy Barometer Declines Sharply; Producers Remain Bullish On Farmland Values Date
The
Purdue University/CME Group Ag Economy Barometer saw a significant decline in May, down 20 points to a reading of 158. This marks the lowest reading for the survey since September of 2020. Producers were less optimistic about both current conditions and the future of the agricultural economy. The
Index of Current Conditions dropped 17 points to a reading of 178 and the
Index of Future Expectations fell 20 points to a reading of 149. 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
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James Mintert and Michael Langemeier | May 05, 2021
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The Ag Economy Barometer reading was 178 in April, virtually unchanged from a month earlier when the index stood at 177 and just 5 points below its all-time high of 183, which was set back in October. Compared to March, however, there was a small change in producers’ perspective on the ag economy as they became more optimistic about the future, while their appraisal of the current situation waned.
In April, the Index of Future Expectations rose 5 points to 169, whereas the Index of Current Conditions moved down 7 points to 195. Both of the barometer’s sub-indices remain historically strong, with the Index of Current Conditions just 3% below its all-time high and the Index of Future Expectations reaching its second-highest reading since the survey’s inception in fall 2015.
David Ekstrom U.S. farmers are becoming more optimistic about the ag economy, plan to buy more equipment, expect farmland values to continue to rise and are more likely to get vaccinated from the COVID-19 virus, according to the monthly Ag Economy Barometer. The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted from April 19-23, 2021. April s reading of the barometer was 178, virtually unchanged from a month earlier when the index stood at 177 and just 5 points below its all-time high of 183, which was set back in October.