Purdue University/CME Group Ag Economy Barometer indicated farmer sentiment increased 5 points to 141 in January. This increase was driven by a 9-point rise in the Current Conditions Index. The Future Expectations rose by 3 points.

Higher crop prices contributed to this optimism. Eastern Corn Belt farmers witnessed a 9% rise in corn prices and a 5% increase in soybeans. However, financial concerns remain.

Eighteen percent of farmers surveyed expect larger operating loans this year. This is up from 15% of respondents in 2024. Twenty-three percent of farmers cite unpaid debt from the previous year. Despite this financial stress, many farms still have strong balance sheets.

Forty percent of farmers surveyed believe a trade war is likely, yet they remain optimistic. Over 50% think the safety net for farmers will be stronger under Trump, recalling trade-related payments in 2018.

Read more about farmer sentiment from the Purdue University/CME Group Ag Economy Barometer here.