Ag Economy Barometer: Farmer Sentiment Ticks Up in February, But Long-Term Confidence Remains Uncertain

Purdue University’s Dr. Michael Langemeier discusses the survey’s findings in February and broader signals in the months ahead.

2026BrandGuidep44-TractorAndHayRakeInField_emiel-molenaar-j8DsBudk96c-unsplash_1920x1080.jpg

WEST LAFAYETTE, IND. (RFD NEWS) — Farmer sentiment is showing a modest rebound, according to the latest Ag Economy Barometer, though concerns about the long-term outlook remain. Dr. Michael Langemeier, senior author of the report and professor at Purdue University, joined us on Tuesday’s Market Day Report to break down the latest findings.

In his interview with RFD NEWS, Langemeier said the slight improvement in the barometer was driven by short-term factors, including market stabilization and policy-related developments. While the rebound was welcome, he noted that confidence in the longer-term agricultural outlook continues to soften as producers face margin pressure and ongoing uncertainty.

The February survey also revisited questions about farm growth plans, a component included annually since 2016. Langemeier said responses suggest many farmers remain cautious about expansion, reflecting tighter profitability expectations and elevated input costs.

This month’s survey included a question about the Farmer Bridge Assistance Program, with respondents indicating they plan to use payments primarily to strengthen working capital, manage debt, or stabilize cash flow amid continued financial pressure.

Producers were again asked whether they believe the U.S. is headed in the “right direction” or on the “wrong track.” Langemeier said opinions remain mixed, with little change from previous readings, underscoring ongoing uncertainty in the broader economic environment.

Overall, Langemeier characterized the latest results as cautiously optimistic in the short term, but he emphasized that long-term confidence will likely depend on improvements in profitability, policy clarity, and global market stability.

Fred Seamon, executive director of agricultural research at CME, also joined us on Wednesday’s Market Day Report to further break down the report.

In his conversation, Seamon discussed the factors behind the slight increase in sentiment and highlighted what farmers are saying about their growth plans for 2026.

He also addressed responses related to the Farmer Bridge Assistance Program and how producers plan to use those payments. He reviewed expectations for agricultural exports and shared insights on how farmers perceive the direction of the U.S. economy, noting a decline in optimism compared with previous surveys.

Related Stories
Year-round E15 remains on the table, but procedural caution and competing regional interests pushed action into a slower, negotiated path.
A mid-January winter storm delivered snow, ice, and extreme cold to a broad swath of the U.S., disrupting transportation, stressing livestock systems, and adding cost and complexity to winter farm operations as producers look toward spring.
Heavier weights and strong late-year slaughter supported December production, but lower annual totals highlight ongoing supply tightness heading into 2026.
Strong production and rising stocks may pressure ethanol margins unless demand or exports continue to improve.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

On a year-over-year basis, final demand prices are up 6.5 percent, the largest annual increase since late 2022.
United Soybean Board Director and Missouri farmer Kyle Durham joins us to discuss farmer sentiment, alternative revenue programs, conservation incentives, domestic demand trends, and conditions on his farm this spring.
Secretary Rollins says the first U.S. calf infected with screwworm responded to treatment and is back to full health.
United Sorghum Checkoff’s Lanier Dabruzzi joins us to discuss National Sorghum Month, consumer awareness, and the increasing demand for sorghum used in gluten-free snacks.
Senate Western Caucus Chairman Sen. Cynthia Lummis of Wyoming joins us to discuss public lands grazing, New World screwworm response efforts, Western Caucus priorities, and policy supporting the future of rural America.