Ag Barometer Insights: September 2024 Survey Results

In September, the Purdue University/CME Group Ag Economy Barometer recorded its lowest readings since March 2016. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the September 2024 Ag Economy Barometer survey, conducted from Sept. 9-13, 2024. This month, the Ag Economy Barometer fell 12 points to 88, marking significant concerns among producers, especially crop farmers. The discussion highlights shifts in sentiment, the impact of input costs, declining income expectations and profitability, and a detailed look at farmland values and cover crop usage. Understand the current state and future expectations of the U.S. agricultural economy.

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/barometer108.

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.

Slides and the transcript from the discussion can be found at https://purdue.ag/agcast175.

You can find the FULL video episode on our YouTube channel. Visit https://youtu.be/JEONO4VdIuQ to subscribe and watch.