Ag Barometer Surges in January

New administration and improved commodity prices boost producers’ mood The dramatic improvement in agricultural producers’ sentiment that started following the November election has continued into the new year, according to results from the newly released “Purdue/CME Group Ag Economy Barometer,” which showed that agricultural producer sentiment in January hit a record high for the second…

Ag Barometer Shows Post-Election Improvement

Post-Election Improves Monthly Ag Barometer Producer sentiment about the agricultural economy soared on the heels of November’s presidential election, according to the December Purdue/CME Group Ag Economy Barometer report released Tuesday (Jan. 10). The December survey results landed the barometer at an all-time high reading of 132—a 16-point jump from the November survey. The barometer…

Ag Barometer Producer Results Soar

Ag Barometer Producer Prices Increase Soaring soybean prices, now at a four-month high, helped to push up the Purdue/CME Group November Ag Economy Barometer to 116, its highest level since October 2015. The barometer rose 24 points above the October low of 92 in the nationwide survey of 400 agricultural producers, according to the report released…

October Ag Barometer Results

Producers’ fading hopes for a turnaround in the ag economy pushed down the Purdue/CME Group October Ag Economy Barometer to its second lowest reading yet, according to a report issued Tuesday by Purdue University’s Center for Commercial Agriculture. The survey results came as the farm economy struggles with lower commodity prices and record crops. In…

Farm Business: Ideas for Paying College Tuition

Making The First College Tuition Payment SALARIES TO THE STUDENT If the student is working on the farm for some part of the year, compensation can be a great tool. The student’s salary isn’t subject to income tax until it exceeds the standard deduction ($6,300 for 2016). Normally, there will be the 15.3% Social Security tax…

Monthly 2016 Ag Economy Barometer

End Of Summer Barometer Results The higher the index number the stronger the economic outlook of U.S. agricultural producers. The index is based on survey results from 400 ag producers. Producers view of the weather, commodity prices, and financial conditions can affect the index. As promised we’ll bring you the ag economy barometer each month.  Quarterly,…

Monthly Ag Barometer Results

AgCompass will Feature the Ag Economy Barometer Each month we’ll share with you Purdue University’s Ag Economy Barometer. The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy. The higher the index number the stronger the economic outlook of U.S. agricultural producers. The index is based…