The Purdue University/CME Group Ag Economy Barometer index improved in June, rising 17 points to a reading of 121.
The upswing in sentiment was driven by producers’ more optimistic view of the future, but their perception of current conditions remained unchanged from May. The Index of Future Expectations rose 25 points to a reading of 123, while the Index of Current Conditions held flat at a reading of 116 in June. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted between June 12-16.
“Optimism about U.S. agriculture’s future and a more sanguine interest rate outlook help explain producers’ more positive view
