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PURDUE/CME GROUP'S AG ECONOMY BAROMETER REMAINS STRONG
Purdue University/ CME Group report:

To view the complete report, click here.

The April reading of the Ag Economy Barometer was 178, virtually unchanged from a month earlier when the index stood at 177 and just 5 points below its all-time high of 183, which was set back in October.

Compared to March, however, there was a small change in producers' perspective on the ag economy as they became more optimistic about the future, while their appraisal of the current situation waned.

In April, the Index of Future Expectations rose 5 points to 169, whereas the Index of Current Conditions moved down 7 points to 195. Both of the barometer's sub-indices remain historically strong, with the Index of Current Conditions just 3% below its all-time high and the Index of Future Expectations reaching its second-highest reading since the survey's inception in fall 2015.

Figure 1. Purdue/CME Group Ag Economy Barometer, October 2015-April 2021.


The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted from April 19-23, 2021.

Figure 2. Indices of Current Conditions and Future Expectations, October 2015-April 2021.


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