Ag Economy Barometer jumps 22 points from September to October

A positive view of the future is underpinning the Ag Economy Barometer. The Purdue University/CME Group Ag Economy Barometer increased 22 points from September to October, continuing its trend of large month-to-month shifts as producers continue to be buffeted by shifts in major commodity prices and news about trade negotiations with key ag trade partners….

Cyber Security For Agribusiness

Spyware, malware, viruses – for someone managing a busy farm, keeping track of the latest cyber security threats can be challenging. But with small businesses suffering the majority of cyber attacks, no business owner can afford to ignore the threat. Here are our top tips for simple ways to keep your farm data safe: 1….

Ag Economy Barometer Falls To Lowest Level In Two Years

Purdue University’s September Ag Economy Barometer has fallen to its lowest point in two years. It’s been harder than usual this season for farmers to make a profit. And that’s driving down how the ag sector feels about its future. Attitudes had improved August, just after President Donald Trump announced a small farm bailout package aimed at softening the effects of…

Farming As Life Vs Business

The business principles all farmers need to know Up before dawn tending to animals, out past dark working in the field: as anyone who farms knows, farming isn’t just a job, it’s a way of life. While the majority of the population no longer farms or lives in rural areas, for those still farming, the…

Ag Producers’ Sentiment Rebounds in August

The Ag Economy Barometer rebounded in August to a reading of 129 after falling to 117 in July. Although the producer sentiment index increased by 12 points in August, producer sentiment remains well below its late spring readings of 141 in May and 143 in June. The shift in producer sentiment occurred primarily because producer’s…

Producer Sentiment Plummets on Price Weakness and Trade War Concerns

James Mintert & Michael Langemeier Ag producer sentiment fell sharply during July as the impact of commodity price declines and concerns about ag trade prospects weighed on producers’ perceptions of both current and future conditions in the agricultural economy. The Ag Economy Barometer declined 26 points to a reading of 117 in July, driven by…

Preparing for the future ag workforce

Preparing yourself for future agricultural jobs Even as robots pick strawberries and drones spray pesticides, the demand for agricultural employees continues to grow. Experts predict that in the near future, two jobs will be open for every agricultural job seeker, including field and skilled labor. By equipping yourself with the in-demand skills in agriculture, you…

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…

AgCompass Celebrates 15 Years Serving the Ag Community

Helping Diversified Farms and Accounting Firms with Simple, Secure Software Hosting Starting out as a way for founder Ev Chambers to save 20,000 miles a year driving to consult with his clients in Wisconsin and Minnesota, software hosting company AgCompas has grown to serving farms and accounting firms in 16 states and one Canadian province….

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…