The Purdue University-CME Group Ag Economy Barometer Index climbed to 139 in November, 10 points better than in October and the best barometer reading since June of this year. The improvement in farmer sentiment was attributable to producers’ more-optimistic outlook for the future. The November Future Expectations Index reading of 144 was 15 points better than in October, whereas the Current Conditions Index decreased 2 points to a reading of 128.
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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.
