The latest Ag Barometer shows things might be looking up for producers. The Purdue University October barometer, released in November, has a reading of 136. That’s 22 points higher than in September, which holds the lowest reading for the survey since 2016.
The index of current conditions rose 19 points, and expectations rose 24 points. James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture says: “The bigger story there is the fact that although the index of current conditions rebounded, it still remains well below where it was last spring before the trade wars erupted. The index of future expectations has increased to the point where it’s now pretty comparable to where it was late winter and early spring, so producers are much more optimistic about the future than they are about current conditions.”
The next Ag Barometer is scheduled to be released Jan. 8. —Marge Kulba
Jim Mintert shares more about the rebound in sentiment and other insights on the October results at bit.ly/Oct18-AgBarometer.