Figure 3. Farm Capital Investment Index, October 2015-March 2021
As featured on
The Ag Economy Barometer increased in March to 177, the best reading for the barometer since the record reading of 184 in October. This month’s 12-point increase in the barometer was attributable almost entirely to agricultural producers’ more-optimistic view of the future; the Index of Future Expectations climbed to 164 – 16 points more than February’s index. Although the Index of Current Conditions, at 202, changed little from a month earlier when it stood at 200, it did mark a return to the index’s record number first reached in December. Strong ag-commodity prices and improved farm financial conditions continue to support the Ag Economy Barometer readings as we head into spring.
