The Purdue University-CME Group Ag Economy Barometer dipped to a reading of 113 in March, the weakest farmer sentiment reading since May 2020 which was in the early days of the pandemic. The March reading was 12 points lower than a month earlier and 36% lower than in March 2021. This month’s survey was conducted from March 14-18, 2022. Purdue ag economists James Mintert and Michael Langemeier review the results and give some insight into the March 2022 Purdue University-CME Group Ag Economy Barometer, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer.
Podcast provided by Purdue University's Center for Commercial Agriculture. For more economic information and insights on the Ag Economy Barometer, visit us at http://purdue.edu/commercialag.