Video: Ag Economy Barometer Breakdown, January 2022 Survey Results
Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to 119, down from 125 a month earlier. This month’s decline leaves the barometer just three points higher than in November and is the second-lowest sentiment reading since July 2020. The Purdue University-CME Group Ag Economy Barometer sentiment index is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted from January 17-21, 2022. Purdue ag economist James Mintert breaks down the results in the January 2022 Ag Economy Barometer survey. The full report is available at https://purdue.ag/agbarometer.