Despite Commodity Price Decline, Ag Producer Sentiment Goes Up

Producer sentiment inches up despite commodity price decline and continued trade war concerns Writer: Kami Goodwin, 765-494-6999, kami@purdue.edu Agricultural producer sentiment rose slightly in June according to the Purdue University/CME Group Ag Economy Barometer. The increase was unexpected given unresolved trade war concerns and sharp price declines for key commodities, including corn, wheat and, especially, soybeans during the…

Ag Barometer Hits 16 Month High

Purdue/CME Group Ag Economy Barometer Shows Significant Rise in Producer Sentiment Agricultural producer sentiment rose last month to its highest level since January 2017, as producers expressed an improved view of current conditions and future expectations of the U.S. agricultural economy, according to the Purdue University/CME Group Ag Economy Barometer. The May barometer reading of 141 was…

Why Accrual Accounting Is An Opportunity

Know your true cost of production with accrual accounting Is tax season the only time you know the full cost and revenue of your business? Many agricultural businesses use outdated and inaccurate accounting strategies that don’t give them the full picture of their financial health throughout the year – we’re here to make sure yours…

According To Ag Barometer Lower Taxes Are Possible

Ag Producer Sentiment Turns Higher; Many Expect Lower Taxes By Hoosier Ag Today After trending lower in late 2017, the Purdue/CME Group Ag Economy Barometer turned higher in January. The monthly survey of 400 agricultural producers from across the U.S. indicated that the measure of producer sentiment climbed to 135 points at the beginning of 2018,…

Finding (and Keeping) Agricultural Employees in a Tight Labor Market

As the saying goes, good help is hard to find, and no where is this more true than the modern agriculture industry. The USDA College Graduate Employment Report found 39% of open agricultural jobs can’t be filled by graduating students. That means business owners and managers need to sharpen their skills at attracting and keeping…

Purdue Releases January Results

January 2018 Results Released from Purdue University The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy. On the first Tuesday of each month, the Ag Economy Barometer provides a sense of the agricultural economy’s health with an index value. The index is based on a…

Audio Overview From Ag Barometer Results

At the end of this article, written by Amy Sites in the Brownfield Ag News, an audio interview is shared. FARMERS OPTIMISTIC ABOUT CURRENT CONDITIONS, PESSIMISTIC ABOUT FUTURE An ag economist says a paradox has developed in producer sentiment as farmers are optimistic about current conditions but pessimistic about future expectations. David Widmar says the…

Looking forward and back:

Top ag tech predictions for 2018 and top tips from 2017 The end of the year is a time to look back at what was learned last year and to look ahead to what’s next. What changes did you make this year that saved you time and money? What opportunities are you exploring for next…

FARMERS MORE UPBEAT ABOUT CURRENT AG ECONOMY, BAROMETER REPORTS

FARMERS SEE CURRENT CONDITIONS AS BETTER THAN THOSE IN THE FUTURE. Article contributed by: David Widmar at Successful Farming As they prepared to go to the field, U.S. farmers carried with them a slightly higher level of optimism about the agricultural economy, according to the latest Ag Economy Barometer. The sentiment reading tool indicates that farmers…

Dramatic Improvement Shows On Ag Barometer

‘Barometer’ measures farmers’ growing optimism A national poll, gauging the sentiments of U.S. farmers, shows a dramatic improvement in their optimism, with polling numbers reaching record highs. The Purdue-Chicago Mercantile Exchange (CME) Group’s “Ag Economy Barometer” showed that agricultural producers had a much improved outlook following the November election. The recent monthly update of that…