Weaker expectations for the future led to a decline in farmer sentiment in March as the Purdue University-CME Group Ag Economy Barometer index decreased 12 points to a reading of 140, a decrease from 152 a month earlier. The farmer view of the future was decidedly less optimistic in March than in February, as the Index of Future Expectations dipped to 144, which was 15 points less than in February. A weaker Current Conditions Index, which decreased 5 points in March to 132, also contributed to the weakening in farmer sentiment.
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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.
