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PURDUE/CME GROUP'S JULY AG ECONOMY BAROMETER STABLE, BUT FARMERS ARE LESS OPTIMISTIC
Source: Purdue University news release

To view the complete report, click here.

Farmer sentiment in July was virtually unchanged from a month earlier as the Purdue University-CME Group Ag Economy Barometer rose just one point to a reading of 118.

The small change in the barometer left it 30 percent below its February 2020 peak and 23 percent below its level a year ago. Although there was little change in the barometer this month, there was a shift in producers' perspective on current vs. future conditions as the Index of Current Conditions rose 12 points to 111 while the Index of Future Expectations fell to a reading of 121, five points lower than in June.

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 July 20-24, 2020.

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


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


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