Unifiedpost Group und crossinx bündeln ihre Kräfte und schaffen ein bedeutendes europäisches Business-Netzwerk pressnetwork.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressnetwork.de Daily Mail and Mail on Sunday newspapers.
(NAFB) – The Ag Economy Barometer rose in March to 177, the highest reading for the barometer since the record high reading of 184 in October.
Organizers say this month’s 12-point rise in the barometer was attributable almost entirely to ag producers’ more optimistic view of the future. The Index of Future Expectations climbed to 164, 16 points above February’s index. Although the Index of Current Conditions, at 202, changed little from a month earlier when it stood at 200, it did mark a return to the index’s record high, first reached in December.
Strong ag commodity prices and improved farm financial conditions continue to support the Ag Economy Barometer readings as heading into planting season. The improvement in future expectations occurred even though producers are becoming increasingly pessimistic that the trade dispute with China will be resolved in a way that’s beneficial to U.S. agriculture.
Strong Commodity Prices And Improved Financial Conditions Boost Purdue University/CME Group Ag Economy Barometer Date
The
Purdue University/CME Group Ag Economy Barometer rose 12 points in March to a reading of 177, marking the highest reading for the barometer since
October 2020. The rise was attributed to producers more optimistic view of the future. The
Index of Future Expectations snapped a four-month decline, rising 16 points to a reading of 164 in March. The
Index of Current Conditions tied with its previous all-time high, rising two points to a reading of 202. 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
Apr 06, 2021
Agriculture producers have a more optimistic view of the future, according to the latest Purdue University/CME Group Ag Economy Barometer, which rose 12 points in March to a reading of 177. This was the highest reading for the barometer since October 2020. The barometer is calculated each month from 400 U.S. agricultural producers responses to a telephone survey.
Purdue University/ CME Group
The Index of Future Expectations snapped a four-month decline, rising 16 points to a reading of 164 in March. The Index of Current Conditions tied with its previous all-time high, rising two points to a reading of 202. Even with a rebound in crop production in 2021, it looks like carryover supplies of corn and soybeans will remain tight, providing producers confidence that crop prices will remain strong this year, said James Mintert, the barometer s principal investigator and director of Purdue University s Center for Commercial Agriculture. A rebound in the U.S. economy thi