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PURDUE/CME GROUP'S AG BAROMETER INDEX SHOWS FARMERS' SENTIMENT REBOUNDS
Source: Purdue University news release

To view the complete report, click here.

Farmer sentiment improved again in June as the Purdue University-CME Group Ag Economy Barometer rose 14 points to a reading of 117. The barometer's rise was fueled by improvements in both the Index of Current Conditionswhich rose to a reading of 99, 19 percent higher than a month earlier, and the Index of Future Expectations which climbed to 126, 12 percent higher than in May.

Figure 1. Purdue/CME Group Ag Economy Barometer, October 2015-June 2020.


The improvement in farmer sentiment left the Ag Economy Barometer7 percent below one year earlier, while the Index of Future Expectations was still 10 percent below its June 2019 level.

Figure 2. Indices of Current Conditions and Future Expectations, October 2015-June 2020.


The Index of Current Conditions, however, was two percent higher than in June 2019, likely reflecting considerably improved spring planting conditions throughout much of the nation, in addition to support from USDA's Coronavirus Food Assistance Program (CFAP). The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted from June 22-26, 2020.


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