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
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial C...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
With privacy often voiced as the primary concern when using cloud based services, SyncriBox was designed to ensure that the software remains completely under the customer's control. Having both the source and destination files remain under the user?s control, there are no privacy or security issues. Since files are synchronized using Syncrify Server, no third party ever sees these files.
"We are an integrator of carrier ethernet and bandwidth to get people to connect to the cloud, to the SaaS providers, and the IaaS providers all on ethernet," explained Paul Mako, CEO & CTO of Massive Networks, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
I believe that this may finally be the year that the CIO role ‘crosses the Rubicon,' leaving behind its traditional, IT-focused orientation. But I don't believe that either of the previous predictions of this outcome — fading into oblivion or rising to a business executive level — is correct. Instead, I think this is the year that we will see the role of the CIO transformed into something altogether different.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical Infrastructure as a Service cloud provider but it's been designed around data privacy," explained Julian Box, CEO and co-founder of Calligo, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.