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PURDUE/CME'S FARMER SENTIMENT TICKS UP 15 POINTS
Source: Purdue University news release

To view the complete report, click here.

The Ag Economy Barometer improved to a reading of 136 in October, up 15 points compared to September, which pushed the barometer back to the same level observed in October 2018. This month's upswing in the ag economy sentiment index was driven by an improvement in ag producers' assessments of both current and future economic conditions in agriculture.

Figure 1. Purdue/CME Group Ag Economy Barometer, October 2015-October 2019.


The Index of Current Conditions rose from 100 in September to 115 in October and the Index of Futures Expectations also rose 15 points to a reading of 146. The Ag Economy Barometer and related indices are based upon results from a nationwide telephone survey of 400 U.S. crop and livestock producers. This month's survey was conducted from October 14-22, 2019.

Figure 2. Indices of Current Conditions and Future Expectations, October 2015-October 2019.


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