The Purdue University-CME Group AG Economy Barmometer fell to 97 points in June, two points below May.  Although farmers were more optimistic about current conditions, there was concern over the future as the Index of Future Expectations declined 5 points to 96, the lowest level since October 2016.  This was due to concern over rising production costs, reflecting the general sentiment that farms would be less profitable in mid-2023.

The Purdue-CME Barometer is based on responses from 400 producers contacted by telephone.

The Farm Financial Performance Index improved to 83 compared to 81 in May.  This index is influenced by perceptions of future commodity prices that have demonstrated volatility in past months. 

The Farm Capital Investment Index was at a record low of 35, unchanged from May.  Capital investments are restrained by problems affecting the supply chain and the availability of high-cost equipment including combines.