Agricultural-producer sentiment improved slightly in July as the Purdue University-CME Group Ag Economy Barometer increased by 2 points compared to its June reading, to an index value of 123. This month’s 2 percent increase in the barometer was primarily the result of farmers’ improved perception of current conditions on their farms; the Index of Current Conditions increased 5 points to a reading of 121. The Index of Future Expectations changed little compared to June, increasing just 1 point to 124. This month’s Ag Economy Barometer survey was conducted July 10-14.
James Mintert
Michael Langemeier
James Mintert and Michael Langemeier are agricultural economists with Purdue University. Each month the Ag Economy Barometer from the Purdue University-Center for Commercial Agriculture surveys 400 U.S. agricultural producers to discern attitudes and sentiments regarding the status of the U.S. farm economy. Each quarter 100 agribusiness leaders are surveyed to provide additional insight into the health of the agricultural economy. Visit ag.purdue.edu for more information.
