Ag Economy Barometer Moves Higher

The Ag Economy Barometer turned higher in June with the index settling at 104, reports Purdue University’s Center for Commercial Agriculture. The June agricultural sentiment reading was higher than during the six-month base period, which averaged 100 between October 2015 and March 2016 and was also stronger than May’s reading of 97 (Figure 1). June marked the third month in a row that the Ag Economy Barometer was markedly stronger than the nine-month low of 85 set in March 2016. However, the sentiment index during June was still lower than the post-harvest high of 116 set in October 2015.