Farmer sentiment worsened in June; the Purdue University-CME Group Ag Economy Barometer reading of 105 was three points less than a month earlier. A five-point decline in the Index of Future Expectations to 112 was responsible for the overall sentiment decline. The June Current Conditions Index of 90 was one point better the May index value. Inflated input costs and the risk of reduced prices for the products they produce continue to weigh on farmer sentiment, along with concerns about increasing interest rates. This month’s Ag Economy Barometer survey was conducted June 17-21.
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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.
