Producer sentiment was notably lower in August, as the Purdue University/CME Group Ag Economy Barometer index dipped 8 points to a reading of 115. This month’s decline was fueled by producers’ weaker perception of current conditions both on their farms and in U.S. agriculture. The Current Conditions Index fell 13 points to a reading of 108. The Future Expectations Index also declined, down 5 points in August to a reading of 119. This month’s Ag Economy Barometer survey was conducted from August 14-18, 2023.
The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the August 2023 Ag Economy Barometer survey. The full report is available at https://purdue.ag/agbarometer.
Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.
(Part 2) Indiana Farmland Cash Rental Rates 2023 Update
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Ag Barometer Insight: July 2023 Survey Results
Ag Barometer Insight: June 2023 Survey Results
2023 Purdue Farm Management Tour Prelude: Rowland Farms
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Financial Risk Management & Contingency Planning
Making Your 2023 Crop Insurance Decision
Marketing Risk Management & Contingency Planning
Social Media Risk Management & Contingency Planning
February Corn & Soybean Outlook Update
Thinking Like A CFO for Your Farm Operation
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