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Farmer sentiment continues to weaken, as the Purdue University/CME Group Ag Economy Barometer declined again in July. The barometer fell 11 points to 135 from June, a reading that resulted from U.S. farmers’ weaker perceptions of both current conditions and future expectations. The July Current Conditions Index dropped 17 points to 127 from last month, while the Future Expectations Index posted a smaller decline of 7 points to 139. Driving the weaker income prospects for 2025 were farmers’ assessment of current conditions.
Despite lower scores on the three principal farmer sentiment indices, sentiment remains notably higher than at the same time a year ago. Almost three-fourths of July’s survey respondents reported that U.S. policy is headed “in the right direction.” This month’s barometer survey took place from July 7-11.
