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Purdue University/CME Group Launch Ag Economy Barometer
USAgNet - 05/27/2016

Purdue's Center for Commercial Agriculture and the CME Group have partnered to produce a monthly Ag Economy Barometer to measure the health of the U.S. agricultural economy.

Each month, the Ag Economy Barometer will provide a 'state of U.S. ag health' with an index value. Results to calculate the index will be obtained through a survey of 400 large agricultural producers on economic sentiment.

Purdue will also provide its research and ag economics expertise to measure producers' expectations of key farm economy drivers, such as farm profitability, farmland prices, capital expenditures, and crop and livestock prices. Quarterly, the index will be accompanied by a webinar and an in-depth thought-leader survey. The index is unique in that it is calculated based on producer sentiments about both current conditions and future expectations.

According to Purdue, the agricultural sentiment of U.S. producers increased to an index of 106, which was an improvement in producer sentiment from the base period index established from October 2015 through March 2016.


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