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Purdue University Center for Commercial Agriculture CME Group
The Purdue University/CME Group Ag Economy Barometer was virtually unchanged in April, up one point from March to a reading of 178. Producers are becoming more optimistic about the future.
The Index of Future Expectations continued its upward trend from last month, up 5 points to a reading of 169. However, their views on current conditions slipped. The Index of Current Conditions dropped 7 points in April, to a reading of 195. 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 April 19-23.
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James Mintert and Michael Langemeier | May 05, 2021
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The Ag Economy Barometer reading was 178 in April, virtually unchanged from a month earlier when the index stood at 177 and just 5 points below its all-time high of 183, which was set back in October. Compared to March, however, there was a small change in producers’ perspective on the ag economy as they became more optimistic about the future, while their appraisal of the current situation waned.
In April, the Index of Future Expectations rose 5 points to 169, whereas the Index of Current Conditions moved down 7 points to 195. Both of the barometer’s sub-indices remain historically strong, with the Index of Current Conditions just 3% below its all-time high and the Index of Future Expectations reaching its second-highest reading since the survey’s inception in fall 2015.
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May 04, 2021
The Purdue University/CME Group Ag Economy Barometer was virtually unchanged in April, up one point from March to a reading of 178, reflecting producers are becoming more optimistic about the future. The Index of Future Expectations continued its upward trend from last month, up 5 points to a reading of 169. However, their views on current conditions slipped. The Index of Current Conditions dropped 7 points in April, to a reading of 195. 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 April 19-23, 2021. The strength in commodity prices continues to drive improving expectations for strong financial performance, even as many are seeing rising input costs, said James Mintert, the barometer s principal investigator and director of Purdue University s Center for Commercial Agriculture.
David Ekstrom U.S. farmers are becoming more optimistic about the ag economy, plan to buy more equipment, expect farmland values to continue to rise and are more likely to get vaccinated from the COVID-19 virus, according to the monthly Ag Economy Barometer. The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted from April 19-23, 2021. April s reading of the barometer was 178, virtually unchanged from a month earlier when the index stood at 177 and just 5 points below its all-time high of 183, which was set back in October.
<p><span>The <a rel="nofollow, external" href="https://c212.net/c/link/?t=0&l=en&o=3149977-1&h=4228389400&u=https%3A%2F%2Fag.purdue.edu%2Fcommercialag%2Fageconomybarometer%2F&a=Purdue+University%2FCME+Group+Ag+Economy+Barometer" target=" blank"><org idsrc="xmltag.org" value="3500698038">Purdue University</org>/CME Group Ag Economy Barometer</a> was virtually unchanged in April, up one point from March to a reading of 178. Producers are becoming more optimistic about the future. The <i>Index of Future Expectations </i>continued its upward trend from last month, up 5 points to a reading of 169. However, their views on current conditions slipped. The <i>Index of Current Conditions</i> dropped 7 points in April, to a reading of 195. The <i>Ag Economy Barometer</i>&