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Farmer Optimism Soars According to Purdue Study

August 6, 2019 | Posted in Data & Trends

Although both the Index of Current Conditions and the Index of Future Expectations improved during July compared to a month earlier, the big driver of the overall sentiment improvement was producers’ improved perspective on current conditions.

Farmer Sentiment Improves Following Rise in Crop Prices and USDA Aid

July 2, 2019 | Posted in Data & Trends

Source: Purdue University, CME Group

The Ag Economy Barometer rebounded in June to a reading of 126, 25 points higher than a month earlier. The barometer is based upon a nationwide monthly survey of 400 U.S. agricultural producers. Both of the barometer’s sub-indices, the Index of Current Conditions and the Index of Future Expectations, improved compared to a month earlier.

Farmer Sentiment and Financial Conditions Continue to Decline

June 4, 2019 | Posted in Data & Trends

Source: Purdue University CME Group

The Ag Economy Barometer, an agricultural producer sentiment measure based upon a nationwide mid-month survey of 400 U.S. agricultural producers, dropped again in May. The May barometer reading of 101 was 14 points lower than a month earlier and was the lowest barometer reading since October 2016.

Producers' View of Economic Conditions & Future Expectations Drops

May 7, 2019 | Posted in Data & Trends

Source: Purdue Ag Economy Barometer

The Purdue University/CME Group Ag Economy Barometer plummeted in April, declining to a reading of 115, an 18 point decline compared to March when the sentiment index stood at 133.

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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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