WEST LAFAYETTE, Ind. (RFD News) — Farmer sentiment weakened in April as producers continue to grapple with rising input costs and ongoing uncertainty about availability, according to the latest Purdue University Ag Economy Barometer.
The monthly survey found a noticeable drop in producer confidence, driven largely by concerns over fertilizer, fuel, and other key inputs needed for the 2026 growing season. Farmers reported growing anxiety about both the price and timely access to these supplies, which economists say is directly influencing planting decisions and financial outlooks.
The report shows that while some producers remain cautiously optimistic about long-term conditions, short-term sentiment took a hit. A key factor: volatility in input markets. Many respondents indicated that sharp swings in fertilizer and diesel prices are making it increasingly difficult to lock in break-even levels or plan ahead with confidence.
Economists say concerns about input availability are just as critical as price. With global supply chains still under pressure and geopolitical tensions affecting fertilizer production and distribution, farmers are facing a tighter window to secure inputs before peak demand.
The survey also highlights that fewer farmers are pre-booking inputs compared to previous years — a trend that could expose operations to even higher costs later in the season. That hesitation reflects broader uncertainty in the ag economy, where margins are already tight after multiple years of elevated expenses.
Despite the decline in sentiment, researchers note that producers are continuing to adapt — weighing crop choices, adjusting input use, and exploring risk management strategies to navigate the current environment.
READ MORE: Ag Economy Barometer
Senior author of the report, Dr. Michael Langemeier with Purdue University, joined us on Wednesday’s Market Day Report to provide further insight into the latest reading.
In his interview with RFD News, Langemeier discussed the factors contributing to the decline in sentiment and whether the results came as a surprise, noting producers’ responses regarding the impact of the Iran conflict on net farm income and their reports of their current financial situation compared to a year ago.
Dr. Langemeier also addressed how farmers responded when asked whether the U.S. is headed in the right direction, and shared his overall takeaway from the latest barometer results along with expectations moving forward.
Thu, 4/4/24 – 10 PM ET | 9 PM CT | 8 PM MT | 7 PM PT
