NASHVILLE, Tenn. (RFD-TV News) — Farmer sentiment declined in September as higher input costs put more pressure on farm finances.
CME Group Executive Director of Agricultural Research Fred Seamon joined us on Friday’s Market Day Report to discuss the latest Ag Economy Barometer.
In his conversation with RFD-TV News, Seamon said a record 52% of respondents identified high input costs as their top concern, helping drive the barometer lower after two months of improvement. The Farm Financial Performance Index also fell 12% as producers became more pessimistic about their near-term outlook.
Most corn and soybean producers expect cash rents to remain steady in 2027, while 22% expect an increase. While producers remain optimistic about future soybean exports, more than 80% expressed concern about U.S. competitiveness with Brazil.
Seamon said easing energy costs could provide some relief for farm margins in the months ahead.
