In this week’s episode, Tracy speaks to Michael Langemeier from Purdue University about “Measuring Optimism in Agriculture: April 2023 Ag Economy Barometer Report.”
In this episode, Tracy and Michael speak about:
- What is the Ag Economy Barometer?
- In this interview, Michael shares the survey results from over 400 producers that were asked a series of questions. Purdue University and CME then compile the results to create the Ag Economy Barometer.
- The April 2023 results are in. Michael reviews the survey results and covers the following areas:
- Indexes of Current Conditions and Future Expectations
- Farm Financial Performance Index
- Farm Capital Investment Index
- Primary Reason now is a bad time to make large investments.
- Short-term farmland value expectations
- Long-term farmland value expectations
- For USA producers…what is the likelihood of Congress passing a farm bill in 2023? What is the most important title for producers in the bill?
- Michael wraps up the interview and shares his final thoughts on the levels of optimism in agriculture right now.
Are you curious how other producers are feeling about the current state of agriculture? How optimistic are farmers about the future of farming? You will need to tune into today’s episode to learn more.
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Show Resources
About the Ag Economy Barometer:
The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy. On the first Tuesday of each month, the Ag Economy Barometer provides a sense of the agricultural economy’s health with an index value. The index is based on a survey of 400 agricultural producers on economic sentiment each month. Quarterly, the index is accompanied by an in-depth survey of 100 agriculture and agribusiness thought leaders.
Ag Economy Barometer:
https://ag.purdue.edu/commercialag/ageconomybarometer/
Purdue Commercial Ag Learning Centre:
https://ag.purdue.edu/commercialag/home/team/michael-langemeier/
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