Ag Barometer Insights: December 2024 Survey Results, AgCast Episode 181
Farmer sentiment drifted lower in December as the Purdue University/CME Group Ag Economy Barometer dropped 9 points to a reading of 136. The decline was driven by producers’ weaker perspective on current conditions in U.S. agriculture and their farms, with the Index of Current Conditions falling 13 points to 100. Although the Current Conditions Index declined this month, it remains 24 points above its low in September and 5 points higher than in October. The Index of Future Expectations also fell 8 points to 153, remaining 59 points above its September low and 29 points higher than the October reading. This month’s survey was conducted from Dec. 2-6, 2024.
__ Contents of this video: __
00:00 Intro
00:48 Farmer Sentiment Drifts Lower
03:07 Farm Financial Performance
04:07 Farm Capital Investments
10:40 Farmland Value Expectations
18:22 Conclusion
The Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. The full report is available at https://purdue.ag/agbarometer.
For farm management content, visit: https://purdue.ag/commercialag
Subscribe to audio: https://purdue.ag/agcast
Socials: https://twitter.com/PUCommercialAg, https://www.facebook.com/PUCommercialAg
If you are enjoying the podcast, tweet us using #AgCast and #AgBarometer.
