Farmer sentiment weakens, but farmers believe U.S. policy headed in right direction
The Purdue University/CME Group Ag Economy Barometer showed declining farmer sentiment in July 2025, falling 11 points to 135 from June. The decline was driven by weaker perceptions of both current conditions and future expectations, with the Current Conditions Index dropping 17 points to 127 and the Future Expectations Index declining 7 points to 139.
The Farm Financial Performance Index fell 14 points to 90, reflecting concerns about weaker income prospects for 2025. Crop prices have declined notably, with eastern Corn Belt seeing July bids for fall harvest delivery of corn and soybeans down 7% and 3% respectively. Despite these challenges, 74% of farmers believe U.S. policy is headed in the right direction, and 43% expect increased agricultural exports in the next five years.
Il Purdue University/CME Group Ag Economy Barometer ha mostrato un calo del sentiment degli agricoltori a luglio 2025, scendendo di 11 punti a 135 rispetto a giugno. Il calo 猫 stato causato da una percezione pi霉 debole sia delle condizioni attuali che delle aspettative future, con l'Indice delle Condizioni Attuali che 猫 sceso di 17 punti a 127 e l'Indice delle Aspettative Future che 猫 diminuito di 7 punti a 139.
L'Indice delle Prestazioni Finanziarie Agricole 猫 calato di 14 punti a 90, riflettendo preoccupazioni riguardo a prospettive di reddito pi霉 deboli per il 2025. I prezzi delle colture sono diminuiti notevolmente, con l'area orientale della Corn Belt che ha visto offerte a luglio per la consegna del raccolto autunnale di mais e soia in calo rispettivamente del 7% e 3%. Nonostante queste difficolt脿, il 74% degli agricoltori ritiene che la politica statunitense stia andando nella giusta direzione e il 43% si aspetta un aumento delle esportazioni agricole nei prossimi cinque anni.
El Bar贸metro de la Econom铆a Agr铆cola de Purdue University/CME Group mostr贸 una ca铆da en el sentimiento de los agricultores en julio de 2025, descendiendo 11 puntos hasta 135 desde junio. La disminuci贸n se debi贸 a percepciones m谩s d茅biles tanto de las condiciones actuales como de las expectativas futuras, con el 脥ndice de Condiciones Actuales bajando 17 puntos a 127 y el 脥ndice de Expectativas Futuras disminuyendo 7 puntos a 139.
El 脥ndice de Desempe帽o Financiero Agr铆cola cay贸 14 puntos hasta 90, reflejando preocupaciones sobre perspectivas de ingresos m谩s d茅biles para 2025. Los precios de los cultivos han disminuido notablemente, con la Corn Belt oriental viendo ofertas en julio para la entrega de la cosecha de oto帽o de ma铆z y soja bajando 7% y 3% respectivamente. A pesar de estos desaf铆os, el 74% de los agricultores cree que la pol铆tica de EE.UU. va en la direcci贸n correcta, y el 43% espera un aumento en las exportaciones agr铆colas en los pr贸ximos cinco a帽os.
Purdue University/CME Group 雴嶌梾 瓴届牅 氚旊氙疙劙電� 2025雲� 7鞗� 雴嶋霌れ潣 鞁Μ臧� 頃橂澖頃橃棳 6鞗� 雽�牍� 11韽澑韸� 霒柎歆� 135毳� 旮半頄堨姷雼堧嫟. 鞚� 頃橂澖鞚� 順勳灛 靸來櫓瓿� 氙鸽灅 旮半寑 氇憪鞐� 雽�頃� 鞚胳嫕鞚� 鞎巾檾霅� 雿� 旮办澑頃橂┌, 順勳灛 靸來櫓 歆�靾橂姅 17韽澑韸� 頃橂澖頃� 127, 氙鸽灅 旮半寑 歆�靾橂姅 7韽澑韸� 頃橂澖頃� 139毳� 雮橅儉雰堨姷雼堧嫟.
雴嶌梾 鞛 靹标臣 歆�靾橂姅 14韽澑韸� 頃橂澖頃� 90鞙茧, 2025雲� 靾橃瀰 鞝勲鞚� 鞎巾檾霅� 瓴冹澊霛茧姅 鞖半牑毳� 氚橃榿頃╇媹雼�. 鞛戨 臧�瓴╈潃 韥矊 頃橂澖頄堨溂氅�, 霃欕秬 旖橂波韸� 歆�鞐棎靹滊姅 臧�鞚� 靾橅檿鞖� 鞓レ垬靾橃檧 雽�霊愳潣 7鞗� 鞛呾鞍臧�臧� 臧侁皝 7%鞕� 3% 臧愳唽頄堨姷雼堧嫟. 鞚措煬頃� 鞏措牑鞗�鞐愲弰 攵堦惮頃橁碃 74%鞚� 雴嶋鞚� 氙戈淡 鞝曥眳鞚� 鞓皵毳� 氚╉枼鞙茧 臧�瓿� 鞛堧嫟瓿� 氙快溂氅�, 43%電� 頄ロ泟 5雲勱皠 雴嶌梾 靾橃稖鞚� 歃濌皜頃� 瓴冹溂搿� 旮半寑頃橁碃 鞛堨姷雼堧嫟.
Le Barom猫tre de l'茅conomie agricole de Purdue University/CME Group a montr茅 une baisse du sentiment des agriculteurs en juillet 2025, chutant de 11 points 脿 135 par rapport 脿 juin. Cette baisse est due 脿 une perception plus faible des conditions actuelles et des attentes futures, l'indice des conditions actuelles ayant chut茅 de 17 points 脿 127 et l'indice des attentes futures ayant diminu茅 de 7 points 脿 139.
L'indice de performance financi猫re agricole a recul茅 de 14 points 脿 90, refl茅tant des inqui茅tudes concernant des perspectives de revenus plus faibles pour 2025. Les prix des r茅coltes ont nettement baiss茅, la Corn Belt orientale voyant en juillet des offres pour la livraison de la r茅colte d'automne de ma茂s et de soja en baisse de 7 % et 3 % respectivement. Malgr茅 ces d茅fis, 74 % des agriculteurs estiment que la politique am茅ricaine va dans la bonne direction, et 43 % s'attendent 脿 une augmentation des exportations agricoles dans les cinq prochaines ann茅es.
Der Purdue University/CME Group Ag Economy Barometer zeigte im Juli 2025 einen R眉ckgang der Stimmung unter Landwirten, der um 11 Punkte auf 135 gegen眉ber Juni fiel. Der R眉ckgang wurde durch schw盲chere Wahrnehmungen sowohl der aktuellen Bedingungen als auch der zuk眉nftigen Erwartungen verursacht, wobei der Index der aktuellen Bedingungen um 17 Punkte auf 127 und der Index der zuk眉nftigen Erwartungen um 7 Punkte auf 139 sank.
Der Index der finanziellen Leistung der Landwirtschaft fiel um 14 Punkte auf 90, was Bedenken hinsichtlich schw盲cherer Einkommensaussichten f眉r 2025 widerspiegelt. Die Preise f眉r Feldfr眉chte sind deutlich gesunken, wobei die 枚stliche Corn Belt-Region im Juli Angebote f眉r die Herbsternte von Mais und Sojabohnen um 7 % bzw. 3 % zur眉ckgingen. Trotz dieser Herausforderungen glauben 74 % der Landwirte, dass die US-Politik auf dem richtigen Weg ist, und 43 % erwarten in den n盲chsten f眉nf Jahren steigende Agrarexporte.
- None.
- Ag Economy Barometer declined 11 points to 135, showing weakening farmer sentiment
- Farm Financial Performance Index dropped 14 points to 90, indicating lower income expectations
- Corn and soybean prices fell 7% and 3% respectively in eastern Corn Belt
- Short-Term Farmland Value Expectations Index dropped 5 points
Insights
Declining farmer sentiment and income expectations could pressure agricultural markets despite policy optimism.
The latest Purdue University/CME Group Ag Economy Barometer reveals significant shifts in agricultural economic sentiment. The main index dropped 11 points to 135 in July, with the Current Conditions Index falling more sharply (-17 points to 127) than the Future Expectations Index (-7 points to 139). This widening gap between current assessment and future outlook is particularly telling.
The Farm Financial Performance Index's decline of 14 points to 90 signals growing concerns about 2025 profitability. This negative outlook stems directly from commodity price pressure, with eastern Corn Belt July bids showing corn down
Despite weakening income prospects, the data shows remarkable stability in farmland markets. The Short-Term Farmland Value Expectations Index dropped only 5 points, with
The survey reveals an interesting policy paradox: despite economic pessimism,
The Farm Financial Performance Index reflected concerns about weak income prospects for 2025, falling 14 points from June to 90. This decline indicates that more farmers expect less income in 2025 compared to 2024. Weakening crop prices are eroding prospective income. The eastern Corn Belt, for example, has seen July bids for the fall harvest delivery of corn and soybeans fall
The Short-Term Farmland Value Expectations Index also softened in the wake of the weaker income outlook for next year, dropping 5 points from June. The latest reading of 115 also leaves the index 3 points lower than last year and 10 points below two years ago. The weakness in the farmland index stemmed from a small shift among respondents expecting rising instead of weakening values during the coming year. The percentage who expected values to hold steady, meanwhile, rose 1 point to
The July survey coincided with next year's farmland leasing discussions between farms and landowners. A question regarding crop producers' expectations for farmland cash rental rates revealed crop producers' expectations for 2026 rates. Even with weakening crop income prospects,
Producers' expectations of the farm income safety net provided by
More optimism prevailed among
Another question that gauged
"Producers held dim views of current conditions and future expectations, which weakened the sentiment of
About the Purdue University Center for Commercial Agriculture
罢丑别听 was founded in 2011 to provide professional development and educational programs for farmers. Housed within Purdue University's Department of Agricultural Economics, the center's faculty and staff develop and execute research and educational programs that address the different needs of managing in today's business environment.
About CME Group
As the world's leading derivatives marketplace,听 enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data 鈥� empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on , , , , and . The company offers futures and options on futures trading through the platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and
About Purdue University
Purdue University is a public research university leading with excellence at scale. Ranked among top 10 public universities in
Sources and Notes block:
Source: Michael Langemeier, [email protected], 765-494-9557
Author: Steve Koppes
Image caption: Farmer sentiment weakens, but farmers say the
CME-G
听
View original content:
SOURCE CME Group
FAQ
What is the latest Purdue University/CME Group Ag Economy Barometer reading for July 2025?
How much did crop prices decline in the eastern Corn Belt according to July 2025 data?
What percentage of farmers expect cash rental rates to change in 2026?
How do farmers view U.S. agricultural export prospects for the next five years?
What is the current Farm Financial Performance Index and what does it indicate?
