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PURDUE/CME POLLING REPORTS FARMER SENTIMENT DECLINES IN SEPTEMBER, INFLATION EXPECTATIONS JUMP
Oct. 6, 2021
Blog by James Mintert and Michael Langemeier, Purdue Center for Commercial Agriculture
Sentiment among agricultural producers weakened in September as the Ag Economy Barometer declined 14 points to a reading of 124.
This is the weakest farmer sentiment reading since July 2020 when the index stood at 118. Producers were less optimistic about both current and future conditions on their farms and the agricultural sector than they were a month earlier. The Index of Current Conditions declined 12 points to 140 this month, while the Index of Future Expectations fell 16 points to 116.
This month's Future Expectations Index reading was its lowest since May of 2020 when the nation was still in the throes of the pandemic's first stage. The Purdue University-CME Group 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 September 27 to 29, 2021.
To view the complete report, click here.
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