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cmilligan1958g
Senior Contributor

AG Economy Barometer ☹️

Farmer sentiment pulls back post-election: regulation, trade, and taxes rated as top concerns

Reports | Tuesday, December 1st, 2020

James Mintert and Michael Langemeier, Purdue Center for Commercial Agriculture

A breakdown on the Purdue/CME Group Ag Economy Barometer November results can be viewed at https://purdue.ag/barometervideo. Find the audio podcast discussion for insight on this month’s sentiment at https://purdue.ag/agcast.

Download report (pdf)

U.S. farmers sentiment weakened following the November 2020 elections, as the Purdue University-CME Group Ag Economy Barometer fell 16 points from a month earlier to a reading of 167. Although this month’s reading was nearly equal to the pre-pandemic high set back in February, it was 9 percent lower than the sentiment reading taken just two weeks prior to the 2020 elections. The decline in the Ag Economy Barometer was the result of weakened expectations for the future on the part of agricultural producers, as the Index of Future Expectations declined to a reading of 156 in November, 30 points below the October reading. On the other hand, farmers perception of current conditions on their farms actually improved. The Index of Current Conditions, buoyed by the ongoing rally in agricultural commodity prices, rose by 9 points from October to November setting a new record high for the index of 187. 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 from November 9-13, 2020.

Figure 1. Purdue/CME Group Ag Economy Barometer, October 2015-November 2020.
5 Replies
sdholloway56
Senior Advisor

Re: At Economy Barometer ☹️

Stormy payments?

sam1wiseone
Senior Contributor

Re: At Economy Barometer ☹️


@cmilligan1958g wrote:

Farmer sentiment pulls back post-election: regulation, trade, and taxes rated as top concerns

Reports | Tuesday, December 1st, 2020

James Mintert and Michael Langemeier, Purdue Center for Commercial Agriculture

A breakdown on the Purdue/CME Group Ag Economy Barometer November results can be viewed at https://purdue.ag/barometervideo. Find the audio podcast discussion for insight on this month’s sentiment at https://purdue.ag/agcast.

Download report (pdf)

U.S. farmers sentiment weakened following the November 2020 elections, as the Purdue University-CME Group Ag Economy Barometer fell 16 points from a month earlier to a reading of 167. Although this month’s reading was nearly equal to the pre-pandemic high set back in February, it was 9 percent lower than the sentiment reading taken just two weeks prior to the 2020 elections. The decline in the Ag Economy Barometer was the result of weakened expectations for the future on the part of agricultural producers, as the Index of Future Expectations declined to a reading of 156 in November, 30 points below the October reading. On the other hand, farmers perception of current conditions on their farms actually improved. The Index of Current Conditions, buoyed by the ongoing rally in agricultural commodity prices, rose by 9 points from October to November setting a new record high for the index of 187. 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 from November 9-13, 2020.

Figure 1. Purdue/CME Group Ag Economy Barometer, October 2015-November 2020.

There number 1 concern should be land reform.  It's always at the top of the Communist reformers wish list.

sdholloway56
Senior Advisor

Re: At Economy Barometer ☹️

I don't know.

Do you suppose the Treaty of Greenville would be the relevant document to check the validity of your title?

bruce MN
Advisor

Re: At Economy Barometer ☹️

If left entirely to the market and hard steel rules of finance and 10’s of thousands of modest holders were called in and liquidated with deeds transferred or the highest or best connected bidders would that not be land reform?

It’s essentially been hard and fast policy for all but for a few years in the middle third of the previous century. 

Why the sudden urge to change? Is there somehow a more deserving team of gored oxen now?

bruce MN
Advisor

Re: At Economy Barometer ☹️

if  I’m a Hoosier taxpaer I’m running screaming up to the State House over my tax dollars being used up in West LaFayette over a study and publication so simplistic and obvious a couple of 5th graders on the school bus could have produced it.