Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   
   

Agricultural News


Latest Reading of Ag Economy Barometer Shows Producer Sentiment Falling Over Export Concerns

Tue, 03 Apr 2018 10:17:17 CDT

Latest Reading of Ag Economy Barometer Shows Producer Sentiment Falling Over Export Concerns The Purdue University/CME Group Ag Economy Barometer fell to 135 in March, given uncertainty around trade relations and possible implications for U.S ag exports.


The 5-point decline in sentiment comes as a result of producers' less-optimistic perceptions of both current conditions and future expectations. The Index of Current Conditions fell 9 points in March to 134, while the Index of Future Expectations dropped by 4 points to 135. The barometer and both sub-indices are based on a monthly survey of 400 U.S. agricultural producers.


On the March survey, producers expressed both concern and uncertainty surrounding trade. Nearly half (47 percent) of respondents said that a trade war negatively impacting agricultural exports was somewhat likely, compared with just 28 percent who thought it was unlikely. The remaining 25 percent indicated uncertainty with a neutral rating.


Producers also were asked about the likelihood of a U.S. withdrawal from the North American Free Trade Agreement (NAFTA). More than one-third expressed uncertainty, while 28 percent expected the U.S. to remain in NAFTA and 34 percent said they expect the U.S. to exit the agreement.


"Interestingly, when comparing results from the two trade questions, a larger share of respondents reported a significant decline in agricultural exports from a trade war was more likely than the U.S. withdrawing from NAFTA," said James Mintert, director of Purdue University's Center for Commercial Agriculture and principal investigator on the barometer project. "These results are important for two reasons. First, nearly half of producers rated the risk of a trade war as at least somewhat likely. Second, producers' concerns about risks to agricultural trade are broader than just the ongoing NAFTA situation."


The March survey also asked producers whether they thought now was a good time to make large farm investments, such as machinery or buildings. At 68 percent, the portion of producers indicating now is a bad time to make large investments is the highest level observed since May 2017. Mintert said this could be related to the trade situation.


"Concerns about agricultural exports, especially as they relate to Chinese tariffs on U.S. ag products, could be one reason why fewer producers said now is a good time to make large farm investments," he said.


Read the full March Ag Economy Barometer report here.


Source - Purdue University / CME Group




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Atop the RON Rural Soapbox - Former Secretary John Block  Fri, 14 Dec 2018 08:39:49 CST
  • Thursday Preopening Market Update with Dave Lanning  Fri, 14 Dec 2018 07:18:02 CST
  • Kim Anderson Shares What the Latest WASDE Report Means for the Price of Wheat in Oklahoma  Thu, 13 Dec 2018 16:58:59 CST
  • Abnormally Dry Conditions Creeping Back into Oklahoma, Jumping Up to 27% From 8% Compared to Just One Month Ago  Fri, 14 Dec 2018 03:04:33 CST
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 13 Dec 2018 15:48:35 CST
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 13 Dec 2018 15:35:25 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, December 13, 2018  Thu, 13 Dec 2018 15:09:29 CST
  • Thursday Afternoon Market Wrap-Up with Carson Horn  Thu, 13 Dec 2018 14:05:41 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.