Farmer sentiment strengthened in November as rising crop prices and improved export prospects pushed the Purdue University/CME Group Ag Economy Barometer to 139—its highest reading since June.
Much of the increase was driven by a sharp 15-point jump in future expectations, even as current conditions held steady. Financial outlooks improved alongside a 10–15% rally in fall delivery corn and soybean bids, helping offset weaker cattle prices in the livestock sector. Yet producers remain cautious: capital investment sentiment slipped further, and fewer farmers view today as a good time to expand.
Long-term farmland value expectations reached a record high, while most corn producers anticipate stable cash rents heading into 2026. The survey also highlights shifting crop production strategies as growers respond to projected tight operating margins—considering lower-cost seed traits, reduced phosphorus applications, and adjustments to seeding and nitrogen rates.
The November barometer survey took place from November 10-14, 2025.
Read the full report here: https://ag.purdue.edu/commercialag/ageconomybarometer/better-outlook-for-the-future-pushes-farmer-sentiment-higher/?utm_source=delivra&utm_medium=email&utm_campaign=AgBarometer_20251202&utm_id=48815726