Press release
Farmer sentiment drifts lower as trade uncertainty hangs over agriculture
WEST LAFAYETTE, Ind., Jan. 6, 2026 /PRNewswire/ -- Farmer sentiment dipped slightly in December, with the Purdue University/CME Group Ag Economy Barometer
About this update from Cme Group Inc.
[{"type":"text","content":"WEST LAFAYETTE, Ind., Jan. 6, 2026 /PRNewswire/ -- Farmer sentiment dipped slightly in December, with the Purdue University/CME Group Ag Economy Barometer dropping 3 points to 136. The decline was attributable to a softening in producers' long-term outlook. The Future Expectations Index fell 4 points from the previous month to 140, while the Current Conditions Index remained steady at 128. Crop producers expressed increased concern about the competitiveness of U.S. soybean exports as Brazil expands its role in global markets, contributing to the more cautious outlook. The survey was conducted Dec. 1-5, 2025.\nProducers' expectations for their farms' financial performance remained mostly unchanged in December. The Farm Financial Performance Index inched up 2 points to 94, reflecting more producers expecting this year's farm financial performance to be similar to last year's. The Farm Capital Investment Index also rose 2 points to 58. Despite this increase, most producers (60%) still see December as a bad time to make large farm investments.\"Even with some stability in expectations for their own operations, producers remain cautious about longer-term decisions,\" said Michael Langemeier, the barometer's principal investigator and director of Purdue's Center for Commercial Agriculture. \"Uncertainty surrounding agricultural trade and growing concern about global competitiveness continue to influence how farmers think about the future.\"Farmers' views on U.S. agricultural exports were mixed in December. When asked a generic question about the long-term outlook for agricultural exports, producers offered one of their most optimistic readings of the year, with only 5% expecting exports to decline over the next five years. However, their perspective shifted when the focus turned specifically to soybeans, a major agricultural export. Thirteen percent of corn and soybean growers said they expect soybean exports to decrease in the next five years, up from 8% in November. At the same time, the percentage of growers expecting soybean exports to increase fell from 47% in November to 39% in December. Rising competition from Brazil is on producers' minds: 84% of corn and soybean producers said they were concerned or very concerned about the competitiveness of U.S. soybean exports relative to Brazil, with 45% reporting they were very concerned...