A Purdue University survey conducted from November 11 to 15 found that farmer optimism hit its highest level since May 2021. The Purdue University/CME Group Ag Barometer rose 30 points in November to 145. The Future Expectations Index witnessed a 37-point jump to 161. The Current Conditions Index increased by 18 points to 113.

The improved sentiment reflects hopes for a favorable regulatory and tax environment. Farmers’ optimism about financial performance climbed, with 33% expecting improvement over the next year. This is an increase from 19% in October.

Long-term confidence also grew, with 52% of respondents predicting widespread agricultural prosperity within five years. Investment sentiment improved as the Farm Capital Investment Index climbed to 55. This is the highest since May 2021.

While short- and long-term farmland value indices dipped slightly, they remained strong. The short-term index is at 115 and the long-term index came in at 156.

There are concerns about trade risks. Forty-two percent of respondents indicate a trade war is likely or very likely. Farmers are cautiously optimistic about 2025, but they are closely watching policy and trade developments.

Read more about the results from the Purdue University/CME Group Ag Barometer here.