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Ag Economy Barometer

Shortliner News Ag 

Farmer Sentiment Plummets in August as Crop Prices Decline

September 12, 2024September 12, 2024 Gina Clark Ag Economy Barometer, Purdue/CME Group, Farmer Sentiment

In a sharp turnaround from July, farmer sentiment nose-dived in August. The August Purdue University-CME Group Ag Economy Barometer fell 13 points. Weakening farm income prospects weighed on farmer sentiment as the outlook for a bountiful fall harvest were more than offset by declining crop prices.

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Shortliner News Ag 

Farmer Sentiment Lowers Amidst Weaker Future Expectations

July 11, 2024July 15, 2024 Gina Clark Ag Economy Barometer, Purdue/CME Group, Farmer Sentiment

Farmer sentiment drifted lower in June as the Purdue University-CME Group Ag Economy Barometer reading of 105 was three points lower than a month earlier.

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Shortliner News Ag 

Farmer Sentiment Reaches Lowest Point Since June 2022

May 9, 2024May 9, 2024 Gina Clark Ag Economy Barometer, Farmer Sentiment

Farmer sentiment declined sharply in April, as indicated by the Purdue University/CME Group Ag Economy Barometer, which fell 15 points from March to a reading of 99.

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Shortliner News 

Weakening Commodity Prices Cast Shadow on Farmer Sentiment

February 9, 2024February 9, 2024 Gina Clark Ag Economy Barometer, Purdue

Farmer sentiment took a downturn at the start of 2024 as the January Purdue University-CME Group Ag Economy Barometer Index fell to a reading of 106, 8 points below a month earlier. Declining prices for key commodities weighed on agricultural producer sentiment in January.

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Shortliner News Featured - Home Small 

Farmer Sentiment Stabilizes

January 15, 2024January 15, 2024 Gina Clark Ag Economy Barometer, Purdue, Farmer Sentiment

U.S. farmers’ sentiment changed very little in December compared to the preceding month. The Purdue University-CME Group Ag Economy Barometer recorded a reading of 114, just one point lower than a month earlier.

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Shortliner News Ag 

Farmer Sentiment Weakens in August

September 8, 2023September 27, 2023 Gina Clark Ag Economy Barometer, Purdue/CME Group, Farmer Sentiment

U.S. farmers’ sentiment weakened in August compared to July as the Purdue University-CME Group Ag Economy Barometer dipped 8 points to a reading of 115.

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Shortliner News Ag 

Farmers Remain Optimistic About Ag Economy

August 2, 2023August 2, 2023 Gina Clark Ag Economy Barometer, Purdue University

Agricultural producers were slightly more confident about the farming economy in July, despite recent crop price volatility and continued concerns about rising interest rates.

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Shortliner News Featured - Home Small 

Farmer Sentiment Rebounds in June

July 5, 2023July 12, 2023 Gina Clark Ag Economy Barometer, Purdue/CME Group, Farmer Sentiment

Farmer sentiment rebounded in June as the Purdue Ag Economy Barometer rose 17 points to a reading of 121.

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Manufacturing Shortliner Ag Featured - Home Small 

High Input Costs and Rising Interest Rates Concern Farmers

December 6, 2022December 13, 2022 Kristi Ruggles Ag Economy Barometer, Purdue/CME Group

Farmer sentiment was unchanged in November compared to October, with the Ag Economy Barometer Index remaining at 102.

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Shortliner News Ag 

Farmers Concerned Over High Interest Rates

November 8, 2022November 8, 2022 Gina Clark Ag Economy Barometer, Purdue Report

Farmer sentiment weakened again in October as the Purdue/CME Group Ag Economy Barometer fell to a reading of 102, down 10 points compared to a month earlier.

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Manufacturing Shortliner News 

Farmer Sentiment Drifts Lower in September

October 4, 2022October 11, 2022 Gina Clark Ag Economy Barometer, Purdue University, James Mintert

The Purdue University-CME Group Ag Economy Barometer index drifted lower to a reading of 112 in September which was 5 points lower than a month earlier.

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Shortliner News Ag 

Farmer Sentiment Improves Despite Rising Costs

September 13, 2022September 13, 2022 Gina Clark Ag Economy Barometer

Farmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer index rose 14 points above its July reading to 117.

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Shortliner 

Uncertainty Driving Farmer Sentiment

August 6, 2022August 6, 2022 Vernon Schmidt Ag Economy Barometer, James Mintert, Purdue

“It’s not really a reflection of weak economic conditions on the part of producers . . . It just really is reflecting this concern about the future and this uncertainty about the future. That has people on edge and has them worried about where we’re headed.”

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Shortliner 

Ag Economy Barometer

July 13, 2022July 13, 2022 Vernon Schmidt Ag Economy Barometer, Purdue

Rising costs and uncertainty about the future continue to be a drag on farmer sentiment.

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News Ag Featured - Home Small 

Ag Economy Barometer slides lower, producers concerned about war’s impact on input prices

April 8, 2022April 8, 2022 Vernon Schmidt Ag Economy Barometer, Purdue/CME Group

Ag Economy Barometer slides lower, producers concerned about war’s impact on input prices. (Purdue/CME Group Ag Economy Barometer/James Mintert).Download Photo WEST

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Shortliner News Ag 

Farmers’ Moods Improve from January to February

March 8, 2022March 8, 2022 Kristi Ruggles Ag Economy Barometer

More than 40 percent of producers in this month’s survey say that low farm machinery inventories are holding back their investment plans.

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Shortliner News Ag 

Barometer: Worried Farmers Focus on Input Costs

February 22, 2022February 22, 2022 Kristi Ruggles Ag Economy Barometer

Fifty-seven percent of producers who responded said they expect farm input prices to rise by 20 percent or more in 2022; 34 percent said they expect prices to rise by 30 percent or more.

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Shortliner News Ag 

Low Inventories Influence Plans to Buy Farm Equipment

January 4, 2022January 4, 2022 Kristi Ruggles Ag Economy Barometer

Nearly four out of 10 farmers who responded to the survey expect input prices to rise by more than 30 percent in the upcoming year.

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Shortliner News Ag 

Worry Over Production Costs Mounts for Farmers

December 14, 2021December 14, 2021 Kristi Ruggles Ag Economy Barometer

The Farm Capital Investment Index declined, which seems to be a function of supply chain problems as well as concerns about rising input costs.

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Shortliner News Ag 

Fear of Cost-Prize Squeeze Weakens Farmers’ Moods

November 16, 2021November 16, 2021 Kristi Ruggles Ag Economy Barometer

Rising input costs are on most producers’ minds.

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Shortliner News Ag Featured - Home Small 

Machinery Purchase Plans Affected by Low Inventories

October 5, 2021October 5, 2021 Kristi Ruggles Ag Economy Barometer

Fewer farmers this month said they planned to increase their machinery purchases than on the August survey. More than half say their farm machinery purchase plans have been impacted by low inventories.

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Shortliner News Ag 

Farmer Sentiment Rises, Financial Outlook Remains Strong

September 8, 2021September 8, 2021 Kristi Ruggles Ag Economy Barometer

Producers are becoming increasingly concerned about rising input costs. Thirty-nine percent of respondents said they expect input prices to rise by 8 percent or more.

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Shortliner News Ag 

Farmers Expect Cooling Off Period in Machinery Buying

August 3, 2021August 3, 2021 Kristi Ruggles Ag Economy Barometer

Nearly half of producers surveyed said they expect input costs to rise by at least 8 percent in the next year. Such costs have risen by 1.8 percent per year over the last decade.

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Shortliner News Ag 

Farmers’ Reluctance to Build Weakens Investment Index

July 7, 2021July 7, 2021 Kristi Ruggles Ag Economy Barometer

About a third of farmers expect farm input prices to rise by 8 percent or more in the upcoming year, which would be more than four times the average rise over the last 10 years.

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Shortliner 

Barometer: Farmers Reluctant to Build

June 2, 2021June 2, 2021 Kristi Ruggles Ag Economy Barometer

A drop in the Capital Investment Index for May is weighted by producers’ reluctance to invest in construction, which took a harder hit than their willingness to invest in equipment.

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Shortliner News Ag Featured - Home Small 

Farm Financial Performance Index Hits Record High

May 4, 2021May 4, 2021 Kristi Ruggles Ag Economy Barometer

Farmers expect a strong bottom line this year in spite of rising input costs. The data shows a greater willingness to buy equipment and attend in-person events.

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Shortliner 

Farmers’ Moods Remain Positive

April 7, 2021April 7, 2021 Kristi Ruggles Ag Economy Barometer

In March, producers continued to be relatively optimistic about making farm machinery purchases and capital investments in their farming operations.

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Shortliner Featured - Home Small 

Farmers Remain Committed to Big Purchases

March 9, 2021March 9, 2021 Kristi Ruggles Ag Economy Barometer

The Farm Capital Investment Index, which assesses farmers’ willingness to make significant investments, is the third-highest it has been since data collection began in 2015. It is 16 points higher than before the pandemic began.

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Shortliner Featured - Home Small 

Farmers’ Willingness to Buy Remains Strong

February 9, 2021February 9, 2021 Kristi Ruggles Ag Economy Barometer, Farm Capital Investment Index

The index that measures farmers’ willingness to buy equipment held strong at its record high of 93. The percentage of farmers expecting to increase their machinery purchases also held at its highest level of the last year.

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Shortliner Featured - Home Small 

Ag Barometer: Farmers Ready to Buy

January 5, 2021January 5, 2021 Kristi Ruggles Ag Economy Barometer

Farmers feel good about their financial positions, according to the Ag Economy Barometer. The Farm Capital Investment Index, which measures producers’ willingness to make big purchases, hit a record high in December.

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Shortliner News Ag 

Farmers Pull Back Slightly on Plans to Buy Equipment

December 1, 2020December 1, 2020 Kristi Ruggles Ag Economy Barometer

While farmers remained relatively optimistic about making large capital investments in their operations soon, the survey revealed shifts upward among groups intending to hang onto their equipment a bit longer or reduce purchases.

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Shortliner News Ag Featured - Home Small 

Farmers’ Willingness to Invest in Capital Hits Record

November 10, 2020November 10, 2020 Kristi Ruggles Ag Economy Barometer

Fewer farmers report a reluctance to spend on equipment and more report a likelihood that they will.

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News Ag Featured Article Featured - Home Small 

Ag Barometer Rises to Record High – Improving Financial Conditions

November 3, 2020November 3, 2020 Vernon Schmidt Ag Economy Barometer

The Purdue University/CME Group Ag Economy Barometer rose 27 points to a reading of 183 in October and set an all-time high for

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Shortliner News Ag Featured - Home Small 

Farmers Feel Better About Ag Economy

October 13, 2020October 13, 2020 Kristi Ruggles Ag Economy Barometer

The capital investment index, which reflects farmers’ willingness to make big purchases, rose to its highest reading in 2020.

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Shortliner Featured - Home Small 

Farmers’ Willingness to Buy Trends Toward Positive

September 1, 2020September 1, 2020 Kristi Ruggles Ag Economy Barometer

The barometer and its two sub-indices posted their most positive readings since February, when record highs were established and before the pandemic began. The Farm Capital Investment Index improved by five points.

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Shortliner Featured - Home Small 

Farmers Share Thoughts on Mood to Buy, Info Sources

August 18, 2020August 18, 2020 Kristi Ruggles Ag Economy Barometer

In this most unusual year, when farmers cannot kick the tires at farm shows, they are defining their preferences for getting business information.

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Shortliner Featured - Home Small 

Farmers More Inclined to Invest in Capital

July 14, 2020July 14, 2020 Kristi Ruggles Ag Economy Barometer, June 2020

Farmers’ perspective regarding whether or not now is a good time to make large investments in their farming operation improved markedly over the last two months.

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Shortliner News Ag 

Farmers Show Improved Willingness to Spend

June 2, 2020June 2, 2020 Kristi Ruggles Ag Economy Barometer, Capital Investment Index

The Ag Economy Barometer suggests farmers felt less cautious about big expenses in April than they did in May. The survey overall shows subtle improvements.

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Shortliner News Ag Featured - Home Small 

Farmers’ Moods Reflect National Mood of Caution

May 5, 2020May 5, 2020 Kristi Ruggles Ag Economy Barometer

Data released Tuesday shows that the optimism farmers felt after the 2016 election has all but faded as a result of uncertainty around COVID-19.

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Shortliner 

Pandemic Sends Ag Economy Barometer Downward

April 7, 2020April 8, 2020 Kristi Ruggles Ag Economy Barometer

The survey by Purdue University and the CME Group captured an anxiety among farmers that is indicative of the national mood.

Read more
Shortliner Featured - Home Small 

Optimism, Willingness to Invest, Build Among Farmers

March 3, 2020March 3, 2020 Kristi Ruggles Ag Economy Barometer

The Farm Capital Investment Index, which assesses farmers’ willingness to invest in equipment and other capital, continues to strengthen.

Read more
Shortliner 

Farmers Feel Better About the Future

February 18, 2020February 18, 2020 Kristi Ruggles Ag Economy Barometer

Farmers have become more optimistic about the future in past months. That optimism has not yet influenced their willingness to make capital investments.

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Shortliner Featured - Home Small 

Farmers End 2019 More Willing to Invest

January 12, 2020January 13, 2020 Kristi Ruggles Ag Economy Barometer, Purdue University, Farm Capital Investment Index

The Ag Economy Barometer drifted sideways in December, but the Farm Capital Investment Index concluded 2019 at the highest index value for the year.

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Shortliner Featured - Home Small 

Farmers’ Willingness to Invest in Capital Hits 21-Month High

December 3, 2019December 4, 2019 Kristi Ruggles Ag Economy Barometer, Farm Equipment Index

Agricultural economy sentiment in November matched its highest reading of 2019, which included a big bump in how willing farmers are to invest in equipment and other capital.

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Shortliner News Ag 

Farmers Show Greater Willingness to Make Big Purchases

November 12, 2019November 15, 2019 Kristi Ruggles Ag Economy Barometer

Producers who responded to the Purdue University survey in October thought more favorably about making big investments. The index rose to within eight points of its peak.

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Shortliner 

Mainstreet Index Bounces Above Growth Neutral

October 1, 2019October 1, 2019 Kristi Ruggles Ag Economy Barometer

The Rural Mainstreet Index for September climbed above growth neutral. The farm equipment-sales index also improved.

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News Ag 

Ag Economy Barometer: Willingness to Invest Improves

April 17, 2019April 17, 2019 Kristi Ruggles Ag Economy Barometer

Concerns about economic conditions led to a dip in the Ag Economy Barometer from February to March. The Index of

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