There is no change in agricultural producers’ sentiments since April, according to the Purdue-CME Group Ag Economy Barometer released on June 6. 400 producers surveyed across the country revealed a 130 index. The authors of the report explained, “The producer sentiment index has hovered near 130 for 5 of the last 6 months and remains considerably stronger than both last fall and a year ago.”

While the broad measure of producers’ sentiment remained steady, two sub-indices showed a marked divergence.

Ag-Economy-Barometer_Fig1.pngThe producers’ Future Expectations showed a slight improvement to 136, up from 132 in April. This was the second month in a row that this index increased. At the same time, the index of Current Conditions experienced a 10-point decline since April, resulting in a drop to 117.

The authors report, “Both sub-indices are substantially higher than a year ago, indicating that producers are more optimistic about current conditions and in their expectations for the future.”

Optimism about the future is also reflected in prodAg-Economy-Barometer_Fig2.pngucers’ perspectives regarding future farmland values, as more than 80% of producers surveyed expect farmland values in their area to be unchanged or higher five years from now.

Data from a quarterly survey about expectations for farmland values indicates that 40% of respondents expect farmland values in their area will be higher in 5 years than they are today. This, according to the authors, is more than double the percentage of producers expecting higher prices one year out.

To view the full report, visit