The health of the U.S. agricultural economy is something the Purdue Center for Commercial Agriculture and CME Group take seriously. After all, the health of the ag economy directly effects the health of your business. We want to ensure you stay up to date with the latest reports and real-time responses from producers. The Ag Economy Barometer is a comprehensive measure of the health of the agricultural economy surveyed from producers and made for you. If you haven’t been following the Barometer, here are some highlights from the most recent findings.
- Producers became less optimistic about current economic conditions and the commodity price outlook.
- Fewer farms said they expect their operation to grow in the future compared to a year ago.
- Farmers expressed concern about marketing risk, ranking it as the biggest risk facing their farming operations.
- 50 percent of respondents said they either “have no plans to grow” or “plan to reduce in size” when asked whether they have plans to grow or increase the size of their current operation.
- Producers were slightly more optimistic about evaluating farmland as a long-term investment and the future growth of agricultural exports.
- The risk ranked most critical to farming operation is marketing risk (56 percent) over both financial (27 percent) and production (17 percent) risk.
Fore more details, view the full report at purdue.edu/agbarometer or a short video recap of the report’s highlights at channelpurdue.ag/barometervideo. Be sure to subscribe to receive monthly updates.