Ag Economy Barometer

Farmer sentiment hit its most positive level since May of 2021.

Notably, 70 percent of producers said they believe the increased use of tariffs will ultimately benefit the ag economy in the long term.

According to Purdue's Ag Economy Barometer, 57 percent of respondents said that tariffs will have a negative impact on the economy.

According to the Ag Barometer, 48 percent of respondents said they expect a decline in interest rates in the next year, up from 35 percent in December.

The Ag Economy Barometer index rose four points as producers expressed slight optimism about current and future prospects on their farms.

The Ag Economy Barometer index fell nine points as producers expressed concern about their current and future prospects of their farms.

Delivery bids for corn fell 10 percent in the last few months, while wheat and soybean bids fell 8 percent.

American farmers are less confident about current and future conditions than they were a month ago, according to the September Ag Economy Barometer report.