Click here to close now.

Welcome!

News Feed Item

Ag Producers' Confidence Remains Slightly Positive

Crop Producers Lag Behind Livestock Producers; Agribusinesses Upbeat

OMAHA, NE -- (Marketwired) -- 03/24/14 -- Overall agriculture producer confidence remains unchanged since last March despite a drop in producers' feelings about their current situation, according to the latest DTN/The Progressive Farmer (DTN/PF) Agriculture Confidence Index.

Producers' overall confidence remained somewhat positive at 106.9, up slightly from 105.5 last December and unchanged from March 2013. The value of 100 is considered neutral. Values above 100 indicate optimism, whereas values below signify pessimism.

The DTN/PF Agriculture Confidence Index, which surveyed 500 producers between March 1 and 10, measures the sentiments of agriculture producers on their overall impressions of the agriculture sector. Farmers are also asked to rate current and long-term input prices and net farm income to gauge their attitudes toward the present situation and future expectations.

Producers viewed their present conditions as positive with a score of 128.1, a drop from 135.3 last March but up slightly from 123.5 in December. Producers' future expectations dropped to 92.8, a decrease of just 0.8 since December but up from 88.2 in March 2013.

Despite an overall positive confidence score, there was a significant disparity in confidence levels between crop and livestock producers. Driven by higher meat prices and lower input costs, livestock producers' confidence rose to a near all-time high of 116.4, up from 107.5 last March and off just 0.2 from the record set in September 2010. In addition, livestock producers view their present situation as very positive (145.1) but were considerably less optimistic for the upcoming year (97.3).

Crop producers' confidence dropped to the lowest level in four years to 102.7, down from 104.3 in December and from 106.8 last March. Crop producers' expectations for the coming year fell to 90.7 from 93.4 in December but were up from 87.9 in March 2013. Their feelings on their present situation remained unchanged at 120.8 since December but declined from 135.2 in March 2013.

"Much of the crop producers' attitudes about their current situation can be attributed to lower corn prices from the previous year, although current prices are at a level higher than what analysts had anticipated at this point for the year," said DTN/The Progressive Farmer Markets Editor Katie Micik, director of the confidence index, which is conducted before plantings, prior to harvest and after harvest each year.

While producers' attitudes remained mixed, agribusinesses were more confident about the industry, according to the DTN/PF Agribusiness Confidence Index, which is similar to the producer index and measured the sentiments of 100 agribusinesses between Feb. 28 and March 5. Agribusiness confidence climbed to 107.3 in March from 102.5 at the end of 2013, due in large part to stabilized crop prices. Seventy-two percent of agribusinesses surveyed felt good about their current sales, marking an increase of 14.6 percent since December and a 12 percent increase since last March. However, 76 percent of those agribusinesses surveyed believed sales expectations over the next 12 months will remain the same or get worse.

"Fertilizer retailers are somewhat concerned that reductions in corn acres could impact fertilizer sales and profits," Micik noted. "With incomes narrowing, producers may turn to higher-priced soybeans over corn."

About DTN/The Progressive Farmer
DTN/The Progressive Farmer is revolutionizing the agriculture industry with its game-changing agricultural information solutions and market intelligence that enable customers to actively and effectively manage their businesses. The company's insightful, independent content along with proprietary business management tools and in-depth market analysis empower better decision making from today's forward-looking agricultural producers, agribusiness leaders and commodity market traders. For the latest DTN editorial, weather and market information or more on all DTN services, visit dtnprogressivefarmer.com.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2549183

Media Contact:
Greg Lammert
(630) 955-2526
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Connected things, systems and people can provide information to other things, systems and people and initiate actions for each other that result in new service possibilities. By taking a look at the impact of Internet of Things when it transitions to a highly connected services marketplace we can understand how connecting the right “things” and leveraging the right partners can provide enormous impact to your business’ growth and success. In her general session at @ThingsExpo, Esmeralda Swartz...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet condit...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes. In his session at DevOps Summit, Michael Demmer, VP of Engineering at Jut, will discuss how this can...
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager - Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, reviewed next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discussed how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has been engaged in t...
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. Th...
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data...
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Cloudian, Inc., is a Foster City, California - based software company specializing in cloud storage software. The main product is Cloudian, an Amazon S3-compliant cloud object storage platform, the bedrock of cloud computing system...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
In his session at 16th Cloud Expo, Simone Brunozzi, VP and Chief Technologist of Cloud Services at VMware, reviewed the changes that the cloud computing industry has gone through over the last five years and shared insights into what the next five will bring. He also chronicled the challenges enterprise companies are facing as they move to the public cloud. He delved into the "Hybrid Cloud" space and explained why every CIO should consider ‘hybrid cloud' as part of their future strategy to achie...
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.