The Purdue University Center for Commercial Agriculture earlier this month released the new Purdue-CME Group Ag Economy Barometer.
The center’s director, Jim Mintert, noted that the monthly index is the only ongoing measure of the health of the U.S. agricultural economy. It is calculated based on a survey of farmers nationwide, and each monthly update includes supplemental information about what's driving economic sentiment.
The next report will be issued June 7. The most recent barometer report and sign-up to receive notices when a new report is released can be found at the Ag Economy Barometer website.
Mintert also announced upcoming events that the center has planned in the next couple months.
June 23-24, the Purdue Farm Management Tour will take place in northwest Indiana. The tour will feature five innovative farming operations in Jasper and Newton counties. It kicks off at 1 p.m. on the 23rd at the Farmhouse Restaurant's conference facility north of Rensselaer. The tour will wrap up the next day at Remington Farms in Remington with a luncheon, Chris Hurt's ag outlook and a detailed look at Remington Farms' operations. The tour is free, but registration is required. For more details and to register, visit the tour website.
On July 1 at 9 a.m. (EDT), the center will host a Crop Outlook webinar with Chris Hurt, David Widmar and Jim Mintert. The webinar will include updated information from USDA's June Acreage report, which will be released the day before the webinar. You can register for this free webinar by visiting the center's upcoming webinars page.
The Purdue Top Farmer Conference is coming up July 7-8 at the Beck Agricultural Center in West Lafayette, Ind. This year's conference will kick off with Nathan Kaufman, lead agricultural economist at the Kansas City Federal Reserve; Steve Meyer, senior analyst from Express Markets, Inc. and co-author of the “Daily Livestock Report;” and Purdue agricultural economist Phil Abbott sharing their perspectives on the agricultural business climate. Other sessions will focus on analyzing growth opportunities for farms, returns to farmland and what changes in consumer demand mean to farmers and their farming operation. For more details about this management conference and to register, visit the Purdue Top Farmer Conference website.