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WEST LAFAYETTE, Ind. and CHICAGO — 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…
Producers remain bullish on farmland values and concerned about tax policy.
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 tele...
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 ...
As President Joe Biden pushed massive new spending initiatives in his address before Congress, investors shrugged off rising inflation risk. They pushed the S&P 500 up to a new record close on Thursday. Gold, meanwhile, continues to be capped under the $1,800 level – at least for the time being. Silver shows a slight weekly gain and trades a little over $26 per ounce. As trading closes out for the month of April, precious metals bulls will be hoping for a more fruitful May. Although May is typically a quiet month in markets – not known for producing major crashes or price spike...