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U.S. farmers retain optimistic outlook for 2025 despite ag trade uncertainty

February 4, 2025

WEST LAFAYETTE, Ind. — U.S. farmers began 2025 with an optimistic outlook, as the January Purdue University/CME Group Ag Economy Barometer rose 5 points from the previous month to a reading of 141. This increase was driven by a 9-point growth in the Current Conditions Index and a 3-point rise in the Future Expectations Index. The improvement…

Farmer sentiment drifts lower while producers remain optimistic about the future

January 7, 2025

Farmer sentiment drifted lower in December as the Purdue University/CME Group Ag Economy Barometerdropped 9 points to a reading of 136. The decline was driven by producers’ weaker perspective on current conditions in U.S. agriculture and their farms, with the Index of Current Conditions falling 13 points to 100. Although the Current Conditions Index declined this…

Farmer sentiment following the U.S. election reaches highest levels since May 2021

December 3, 2024

WEST LAFAYETTE, Ind. — Farmer sentiment jumped again in November, with the Purdue University/CME Group Ag Economy Barometer climbing 30 points to a reading of 145. This marked the highest level of farmer optimism since May 2021, driven by considerable gains in both the Current Conditions and Future Expectations indices. The Future Expectations Index saw the…

Farmer sentiment in October rebounded ahead of the U.S. election

November 5, 2024

WEST LAFAYETTE, Ind. — Farmer sentiment saw an unexpected surge in October ahead of the upcoming U.S. election, according to the latest Purdue University/CME Group Ag Economy Barometer. The index rose to 115, marking a 27-point increase from September. This boost in sentiment was primarily driven by a rise in producers’ confidence in the future, with…

Farmer sentiment reaches lowest levels since 2016 as income expectations weaken

October 1, 2024

WEST LAFAYETTE, Ind. — In September, the Purdue University/CME Group Ag Economy Barometer recorded its lowest readings since March 2016. Declining income expectations pushed farmer sentiment down as the barometer fell 12 points to 88, and the Index of Future Expectations dropped 14 points to 94. The Index of Current Conditions also fell 7 points to 76,…

Weakening farm income prospects weigh on farmer sentiment

September 3, 2024

WEST LAFAYETTE, Ind. — The August Purdue University/CME Group Ag Economy Barometer dropped 13 points from July to a reading of 100, echoing levels seen from fall 2015 to winter 2016 during the early stages of a significant downturn in the U.S. farm economy. The Index of Current Conditions also dropped 17 points to 83, while the…

Farmer sentiment improves despite financial performance concerns

August 6, 2024

WEST LAFAYETTE, Ind. — Three broad-based measures of farmer sentiment improved in July as the Purdue University/CME Group Ag Economy Barometer index rose 8 points to 113, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier. Despite declines in…

Farmer sentiment drifts lower on weaker future expectations

July 2, 2024

WEST LAFAYETTE, Ind. — Farmer sentiment drifted downward in June as the Purdue University/CME Group Ag Economy Barometerreading of 105 was 3 points lower than a month earlier. The overall decline in sentiment was due to a five-point drop in the Index of Future Expectations, which fell to 112, while the June Current Conditions Index increased…

Farmer sentiment recovers in May; interest in solar leasing rising

June 4, 2024

WEST LAFAYETTE, Ind. — U.S. farmers’ outlook improved in May as the Purdue University/CME Group Ag Economy Barometer index rose to 108, marking a 9-point increase from April. Both of the barometer’s subindices saw increases, with the Index of Future Expectations climbing 11 points to 117 and the Current Conditions Index rising 6 points. The rise in…

Farmer sentiment declines to lowest level since June 2022 amid weakened financial outlook

May 7, 2024

WEST LAFAYETTE, Ind. — April witnessed a steep decline in U.S. farmer sentiment, as indicated by the Purdue University/CME Group Ag Economy Barometer, which fell 15 points from March to a reading of 99. Both subindexes of the barometer also saw declines: The Current Condition Index dropped by 18 points to 83, while the Future Expectations…