���ü���������

Farmer sentiment rebounded in July after three consecutive months of declines as stronger corn and soybean prices improved producers’ outlook. The Purdue University/CME Group Ag Economy Barometer rose from 113 to 126, with both current conditions and future expectations improving.

Only 13% of respondents indicated that their farm operations were better off financially in July than they had been a year ago. However, looking ahead to the next 12 months, 23% of respondents expect their farms to be better off financially a year from now, compared with 24% who expect their farms to be worse off. The Farm Capital Investment Index increased by 10 points to 50, its highest level since March.

This month’s survey also examined agricultural exports and attitudes toward new foreign export markets. Approximately 42% of respondents expected agricultural exports to increase over the next five years, while 13% expected exports to decline (see Figure 6). Respondents were also asked whether it was likely or unlikely that new foreign export markets would open to American agricultural goods in the next five years. Approximately 56% of respondents indicated that this development was likely. When this question was asked last July, 64% thought the prospect for new export markets was likely.

Since July 2025, producers have been asked whether they think the U.S. is headed in the “right direction” or on the “wrong track.” After averaging 71% during the last six months of 2025, the percentage of producers who said the U.S. was headed in the “right direction” was 54% in July, compared with 53% in June and 52% in May.

Source: | Read July’s complete report