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 Aug. 22, 2011 Source: DTN/The Progressive Farmer As we move into this year's harvest, agribusiness managers' sentiment toward their operations has declined overall, according to the latest DTN/The Progressive Farmer Agribusiness Confidence Index. This marks the first time the Index has dropped. The agribusiness index now stands at 97.8, a significant decline from the last survey in February, which came in at 113.2 and down from the initial survey last August, which was set at 100. The survey indicates that agribusiness managers are much more optimistic about their current operations than future prospects. The Present Situation Index, which reflects current sentiment regarding sales to farmers and ranchers and current profitability, is 110.4, slightly above February's survey index, which was 109.6. However, the Expectations Index, which measures sentiment on business activity 12 months from now, is 89.5, a significant drop from the February results, which came in at 116. The 26.5 point dip in confidence for business activity 12 months from now could reflect uncertainty of what the economy will do in the next year. However, survey results do not indicate that more agribusiness managers are predicting their profitability and overall business prospects will worsen over the next year, but rather more indicated that they believe these aspects will stay the same than did in February. Results 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.) Additionally, you can compare the end-of-year results with the pre-harvest index. Tweet |
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