The Purdue University-CME Group Ag Economy Barometer increased modestly in February, posting a reading of 111. That was 5 points more than a month earlier. The modest increase in the barometer was attributable to producers expressing somewhat more optimism about the future. The Future Expectations Index increased 7 points to a reading of 115 while the Current Conditions Index was unchanged, both compared to a month earlier.
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.
