Morning Ag Clips logo
  • Subscribe ❯
  • PORTAL ❯
  • LOGIN ❯
  • By Keyword
  • By topic
  • By state
  • Home
  • Events
  • Jobs
  • Store
  • Advertise
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Subscribe to our
    daily email
    ❯
  • Portal Registration❯
  • Login❯
  • policy
  • tractors & machinery
  • education
  • conservation
  • webinars
  • business
  • dairy
  • cattle
  • poultry
  • swine
  • corn
  • soybeans
  • organic
  • specialty crops
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Morning Ag Clips

  • By Keyword
  • By topic
  • By state
  • policy
  • tractors & machinery
  • education
  • conservation
  • webinars
  • business
  • dairy
  • cattle
  • poultry
  • swine
  • corn
  • soybeans
  • organic
  • specialty crops
  • Home
  • Events
  • Jobs
  • Store
  • Advertise
Home » Sentiment falls as producers express concerns
AG BAROMETER ... Comments

Sentiment falls as producers express concerns

On the March survey, producers expressed both concern, uncertainty surrounding trade

PUBLISHED ON April 4, 2018

The Purdue/CME Group Ag Economy Barometer fell five points in March to 135 as concerns and uncertainty surrounding agricultural exports continued. (Purdue/CME Group Ag Economy Barometer/David Widmar)

WEST LAFAYETTE, Ind. — The Purdue University/CME Group Ag Economy Barometer fell to 135 in March, given uncertainty around trade relations and possible implications for U.S ag exports.

The 5-point decline in sentiment comes as a result of producers’ less-optimistic perceptions of both current conditions and future expectations. The Index of Current Conditions fell 9 points in March to 134, while the Index of Future Expectations dropped by 4 points to 135. The barometer and both sub-indices are based on a monthly survey of 400 U.S. agricultural producers.

On the March survey, producers expressed both concern and uncertainty surrounding trade. Nearly half (47 percent) of respondents said that a trade war negatively impacting agricultural exports was somewhat likely, compared with just 28 percent who thought it was unlikely. The remaining 25 percent indicated uncertainty with a neutral rating.

Producers also were asked about the likelihood of a U.S. withdrawal from the North American Free Trade Agreement. More than one-third expressed uncertainty, while 28 percent expected the U.S. to remain in NAFTA and 34 percent said they expect the U.S. to exit the agreement.

“Interestingly, when comparing results from the two trade questions, a larger share of respondents reported a significant decline in agricultural exports from a trade war was more likely than the U.S. withdrawing from NAFTA,” said James Mintert, director of Purdue University’s Center for Commercial Agriculture and principal investigator on the barometer project. “These results are important for two reasons. First, nearly half of producers rated the risk of a trade war as at least somewhat likely. Second, producers’ concerns about risks to agricultural trade are broader than just the ongoing NAFTA situation.”

The March survey also asked producers whether they thought now was a good time to make large farm investments, such as machinery or buildings. At 68 percent, the portion of producers indicating now is a bad time to make large investments is the highest level observed since May 2017. Mintert said this could be related to the trade situation.

“Concerns about agricultural exports, especially as they relate to Chinese tariffs on U.S. ag products, could be one reason why fewer producers said now is a good time to make large farm investments,” he said.

Read the full March Ag Economy Barometer report at http://purdue.edu/agbarometer. The Ag Economy Barometer, Index of Current Conditions and Index of Future Expectations are available on the Bloomberg Terminal under the following ticker symbols: AGECBARO, AGECCURC and AGECFTEX.

— Purdue University Center for Commercial Agriculture

Spread the word

Browse More Clips

Fish farm's new owner nears restarting production

Enroll in improved dairy safety net tool

Primary Sidebar

MORE

INDIANA CLIPS

Indiana June 1 Grain Stocks report
July 7, 2022
An early-season soybean checklist
July 6, 2022
Flushing sheep, goats leads to breeding season success
July 6, 2022
A skid loader with a specialized harness for lifting thousand-pound pumpkins. Getting giant pumpkins around often involves machines like this as well as pallets and trailers. (All photos: Marissa Schuh, MSU Extension)
Skid loaders: Useful tool with potential dangers
July 6, 2022
dairy cow milking (Stock photo via Oregon State University, Flickr/Creative Commons)
Nominate quality milk producers for NMC award
July 6, 2022
  • Trending
  • Latest

YOU MIGHT ALSO LIKE...

Footer

MORNING AG CLIPS

  • Sponsors
  • About Us
  • Advertise with Us
  • Privacy Statement
  • Terms of Service
  • Customer & Technical Support

CONNECT WITH US

  • Like Us on Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

TRACK YOUR TRADE

  • Markets & Economy
  • Cattle Updates
  • Dairy News
  • Policy & Politics
  • Corn Alerts

QUICK LINKS

  • Account
  • Portal Membership
  • Invite Your Friends
  • Subscribe to RSS
  • WeatherTrends
  • Just Me, Kate

© 2022 Morning Ag Clips, LLC. All Rights Reserved.