Purdue/CME Group Ag Economy Barometer rises 13 points in July, snapping three-month slide - CME News | RalliesPurdue/CME Group Ag Economy Barometer rises 13 points in July, snapping three-month slide
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CME• Input costs remain top concern
- High input costs stayed the top near-term concern, cited by 46% as the biggest operational challenge.
- Farm Capital Investment Index rebounded to 50; 13% reported better finances than a year ago, nearly 25% expect improvement.
Cash rent outlook remains mostly stable
- Cash rent outlook for 2027 skewed stable; 19% expect increases, 7% see declines, with 5%-10% gains most anticipated.
Barometer rises after three-month decline
- CME Group’s Purdue/CME Ag Economy Barometer rose 13 points in July to 126, ending a three-month decline in farmer sentiment.
- Current Conditions Index climbed 20 points to 122; Future Expectations Index increased 11 points to 129.
