Brighter Outlook Drives Farmer Sentiment Higher
The Purdue University-CME Group Ag Economy Barometer Index climbed to 139 in November, 10 points higher than in October and the highest barometer reading since June of this year.
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Farmer Sentiment
Livestock Sector Optimism Fuels a Modest Rise in Farmer Sentiment
Farmer sentiment improved modestly in October, as the Purdue University/CME Group Ag Economy Barometer rose three points to a reading of 129. The boost came primarily from stronger confidence among livestock producers, who continue to benefit from record-high profitability in the beef sector.
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Farmers Say Conditions on U.S. Farms Are Weakening
The latest Purdue University/CME Group Ag Economy Barometer shows farmers continue to be concerned about the ag economy.
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Farmer Sentiment Weakens, but Confidence in U.S. Policy Grows
A survey of 400 farmers and ranchers from across the country shows rising concern about the current state of the ag economy. However, producers remain optimistic President Trump’s tariff policy will benefit U.S. agriculture.
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Farmer Sentiment Reaches Four-Year High in May
Farmer sentiment improved for the second consecutive month in May, reaching its highest level since May 2021. The sentiment boost was driven by a more optimistic outlook on U.S. agricultural exports and a less negative view of how tariffs will impact farm income in 2025.
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Farmer Sentiment Improves as Long-Term Optimism Outweighs Tariff Concerns
Farmer sentiment improved in April as the Purdue University-CME Group Ag Economy Barometer climbed 8 points to a reading of 148. Somewhat surprisingly, this month’s improvement in farmer sentiment occurred despite ongoing trade disputes with many of U.S. agriculture’s largest trading partners, including Mexico, Canada and China.
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Producer Sentiment Slips Due to Rising Policy Uncertainty
Farmer sentiment declined in March as concerns over agricultural trade and farm policy weighed on producers’ outlook for the future
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Farmer Sentiment Improves in January
Farmer sentiment remained strong at the start of the new year, rising modestly from December to January. Farmers reported an improvement in current conditions on their farms due in part to increases in crop prices from early December to mid-January.
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Farmer Sentiment Drifted Lower in December
Farmer sentiment drifted lower in December as the Purdue University-CME Group Ag Economy Barometer fell 9 points to 136. Although the barometer weakened somewhat in December compared to November, producers still retained much of their post-election optimism about the future.
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Farmer Sentiment Rebounds in October as Outlook Brightens
October provided a surprising pre-election bounce in farmer sentiment as the Purdue University-CME Group Ag Economy Barometer index climbed to 115, 27 points higher than in September.
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Brighter Outlook Lifts Farmer Sentiment
The Purdue University-CME Group Ag Economy Barometer Index climbed to 139 in November, 10 points higher than in October and the highest barometer reading since June of this year.
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Farmer Sentiment Reaches Lowest Levels Since 2016
The Purdue University/CME Group Ag Economy Barometer recorded its lowest readings since March 2016 in September.
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Farmer Sentiment Plummets in August as Crop Prices Decline
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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Farmer Sentiment Improves in July
The Ag Economy Barometer Index rose 8 points to 113. At the same time, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier.
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Farmer Sentiment Lowers Amidst Weaker Future Expectations
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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Farmer Sentiment Recovers in May
Farmer sentiment recovered somewhat in May following a sharp drop-off in April. The May reading of the Purdue University-CME Group Ag Economy Barometer came in at 108, up 9 points compared to April.
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Farmer Sentiment Reaches Lowest Point Since June 2022
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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Farmer Optimism Rises Amid Shifting Interest Rate Forecasts
Farmer sentiment improved modestly in March with the rise primarily attributable to producers expecting financial conditions on their farms to improve in the year ahead. The improvement in farmers’ financial outlook was buttressed by an improved interest outlook with nearly half of this month’s respondents saying they expect interest rates to decline over the next 12 months.
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Farmer Sentiment Sees Modest Improvement
The February Ag Economy Barometer reading reached 111, marking a 5-point rise from last month. The small uptick is attributed to producers expressing increased optimism about the future.
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Farmer Sentiment Stabilizes
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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Farmer Sentiment Improves, Amidst Stronger Financial Condition
For the second month in a row, farmer sentiment improved as the Purdue University-CME Group Ag Economy Barometer climbed five points to reach an index value of 115 which left the index 12 percent higher than a year earlier
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Farmer Sentiment Improves as Financial Outlook Brightens
The Purdue University-CME Group Ag Economy Barometer rose 4 points in October to a reading of 110.
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Farmer Sentiment Weakens in August
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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Farmer Sentiment Rebounds in June
Farmer sentiment rebounded in June as the Purdue Ag Economy Barometer rose 17 points to a reading of 121.
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Farmer Sentiment Sours as Crop Prices Decline
Producer sentiment fell to its weakest reading since July 2022, as the Purdue University-CME Group Ag Economy Barometer Index declined 19 points to a reading of 104 in May.
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Farmer Sentiment Improves Amidst Farm Bill Discussion
Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline up 6 points to a reading of 123.
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Farmer Sentiment Weakened Again in March
Farmer sentiment weakened again in March as the Purdue University/CME Group Ag Economy Barometer fell 8 points to a reading of 117.
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Farmer Sentiment Continues to Rise into 2023
Following a sharp increase to close out 2022, the Purdue University/CME Group Ag Economy Barometer had only a modest increase in January, up 4 points to a reading of 130. The rise in sentiment was primarily attributable to better expectations for the future as the Future Expectations Index improved by 5 points to 127.
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