WEST LAFAYETTE, Ind. — The Ag Financial system Barometer rose one level in September, however farmers’ perceptions about present circumstances on the farm fell seven factors — suggesting concern about record-high corn and soybean yields pressuring crop costs.
On the identical time, optimism in regards to the future elevated 5 factors, with many farmers believing U.S. coverage is “headed in the precise path.”
There are additionally hopes for a possible authorities assist program as a consequence of decrease commodity costs.
Greater than 80% of producers assume it’s seemingly or very seemingly that, within the occasion {that a} commerce warfare negatively impacts commodity costs, a program just like 2019’s Market Facilitation Program will assist compensate for agricultural product value weak point.
Different Highlights
• Farmers count on weaker monetary efficiency in 2025 than in 2024.
• Fewer farmers this month stated they count on farmland values to rise within the 12 months forward than in earlier surveys this 12 months.
• Weak spot within the farm monetary outlook spilled over right into a weaker capital funding outlook by producers.
• Over half, 53% of the farmers that had been surveyed reported utilizing cowl crops on at the very least a few of their acreage. Amongst cowl crop customers, 40% stated they adopted the observe inside the final 5 years, whereas 9% have used cowl crops for greater than 20 years.
Be taught extra at purdue.edu/agbarometer.
