Ag Economy Barometer: Willingness to Invest Improves

Concerns about economic conditions led to a dip in the Ag Economy Barometer from February to March.
The Index of Future Expectations declined to 139 in March compared to an index value of 145 in February. This contrasted with producers’ Index of Current Conditions, which at a reading of 120, was virtually unchanged from February.
Although the Future Expectations Index declined in March, it is still 15 points stronger than last year. In contrast, the Current Conditions Index is 14 points below its March 2018 value.
The Large Farm Investment Index rebounded during March to a reading of 57 compared to 50 in February. This month’s value was the second highest reading for the Investment Index since last summer.
Purdue University and CME Group conduct the monthly survey.
Source: Farm Progress