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AG PRODUCERS' CONFIDENCE UP SIGNIFICANTLY OVER LAST SPRING
Dec. 20, 2010
Source: DTN/Progressive Farmer
Despite gloomy outlooks for American farmers last spring, a recent trend of increased optimism has only continued to grow since the fall harvest, according to the latest DTN/Progressive Farmer Agriculture Confidence Index (ACI).
Released early today, the Agriculture Confidence Index is designed to take the economic pulse of the agriculture industry. It is based on a survey of 500 producers picked at random to reflect the demographic makeup of the 2007 USDA Ag Census.
The survey is conducted three times each year: pre-planting, pre-harvest and end-of-year.
The index now stands at 151, continuing the sunny outlook of last September's survey, which came in at 140. Both index scores represent a far cry from the initial survey in April, whose index reading was recalibrated to 100 to serve as the baseline for future reference.
The Present Situation Index, which reflects current producer sentiment regarding input prices and net income, is a strong 214. The Expectations Index, which measures sentiment 12 months from now, is 117.
A full explanation and breakdown of the results can be found at www.AgricultureConfidenceIndex.com. You can view the results broken down by region, production type or by topic (i.e. input prices, farm income, etc).
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