Farmer sentiment index falls to 119 in May

Created at 2 Jun · 16:31 UTC2 sources2 events

IN SHORT

Farmer sentiment weakened in May, with the Purdue/CME Ag Economy Barometer falling to 119 from 121 in April. The decline was primarily driven by a drop in the Current Conditions Index, suggesting increased caution among producers regarding near-term farm finances.

Key Numbers

119May AgBarometer farmer sentiment index

121April AgBarometer farmer sentiment index

2 pointsMay index decline from April

8 pointsMay index decline from March recovery high

8 pointsCurrent Conditions Index fall

Who's Involved

CME Group

Provider of the AgBarometer sentiment index

Purdue University

Co-provider of the Ag Economy Barometer

AgResource Farm Marketing

Provider of farm marketing advice

Key facts

Farmer sentiment index fell to 119 in May.
The index was 121 in April.
The Current Conditions Index influenced the decline.
Producers are becoming more cautious about near-term farm finances.

The CME Group's May AgBarometer report indicates a minor decrease in farmer sentiment, with the index settling at 119, down from 121 in the previous month. This slight downturn is primarily linked to a less favorable assessment of current agricultural conditions. The Current Conditions Index fell by 8 points, suggesting that producers are becoming more cautious about near-term farm finances. The index is now 8 points below its March recovery high.

↳ Why This Matters

Declining farmer sentiment can signal reduced investment in agricultural inputs and equipment, potentially impacting related industries and broader economic activity in rural areas.

Farmer sentiment index falls to 119 in May

PiQ Daily

Key facts

Farmer sentiment index falls to 119 in May

PiQ Daily

Key facts

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