Ag Economy Barometer Shows Optimistic

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ames Mintert and Michael Langemeier, Center for Commercial Agriculture
James Mintert and gives his breakdown on the Purdue/CME Group Ag Economy Barometer December results at purdue.ag/barometervideo.
The Ag Economy Barometer drifted sideways in December, to a reading of 150 compared to 153 in November. Although the barometer changed little in December, there was a shift in producers’ perspective regarding both their farms’ and the production ag sector’s economic health. Producers expressed less confidence than a month earlier about current economic conditions as the Index of Current Conditions registered a reading of 141, a decline of 12 points compared to November’s index value of 153. In contrast, producers’ expectations for the future remained strong as the Index of Future Expectations rose slightly, to a reading of 155 compared to 153 a month earlier. This month’s Ag Economy Barometer survey was conducted from December 9-13, 2019 and is based on responses from a nationwide survey of 400 agricultural producers.

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