Farmers expect better times

James Mintert and Michael Langemeier Purdue Center for Commercial Agriculture
Aug 7, 2024
Aug 7, 2024

1 of 2

The biggest concerns for producers in the year ahead are inflated input costs and weak commodity prices.

LeeAnne Bulman/For Agri-View

Lynn Grooms

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James Mintert and Michael Langemeier Purdue Center for Commercial Agriculture

All three broad-based measures of farmer sentiment improved in July. The Purdue University-CME Group Ag Economy Barometer Index increased 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 better than a month earlier.

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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.