Purdue Ag Economy Barometer holding steady as production costs rise

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The Purdue University-CME Group Ag Economy Barometer rose 6 points in February to 125, slightly higher than January. It’s a number calculated each month from the responses of 400 US agricultural producers to questions in a phone survey.

The latest numbers were compiled from responses taken between February 14 and 18 — before the invasion of Ukraine.

The Farm Financial Performance Index was unchanged, but previous numbers suggest producers expect performance in 2022 to be worse overall than last year.

The complete survey is available on the Purdue University/CME Group Ag Economy Barometer website.

 

 

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