NASHVILLE, Tenn. (RFD-TV) — An optimistic outlook for the future is fueling U.S. farmer sentiment. The latest Ag Economy Barometer climbed 10 points since last month, marking its highest reading since June of this year. Purdue University Professor of Agricultural Economics Dr. Jim Mintert joined us on Wednesday’s Market Day Report to review the highlights.
In his interview with RFD-TV News, Dr. Mintert discussed one of the main drivers behind the improved sentiment: recent trade developments between the U.S. and China and producers’ views on ag trade prospects. He also addressed farmers’ expectations regarding upcoming ag relief payments, including how similar they believe any support might be to the 2019 Market Facilitation Program. Finally, he shared how producers said they would use those potential payments on their operations, as well as their views on whether the U.S. is currently headed in the “right direction.”
More Highlights from November’s Ag Economy Barometer
Farmer sentiment improved sharply in November as rising crop prices and a more optimistic export outlook boosted confidence across much of the Corn Belt. Purdue University’s Center for Commercial Agriculture reports the Ag Economy Barometer jumped to 139 — its highest level since June — driven almost entirely by gains in producers’ expectations for the year ahead.
The Future Expectations Index climbed 15 points to 144 after the late-October U.S.–China trade pact signaled stronger long-term demand for U.S. farm products. Purdue researchers Michael Langemeier and James Mintert said the outlook shift came alongside notable price gains, with fall-delivery corn and soybean bids rising 10 percent and 15 percent from mid-October to mid-November.
Producers also reported better projected financial performance, lifting the Farm Financial Performance Index to 92. Still, the Farm Capital Investment Index fell to 56, reflecting ongoing caution in equipment and infrastructure spending despite improved optimism.
Attitudes toward future trade remained broadly positive: only 7 percent expect U.S. agricultural exports to weaken over the next five years. Most corn growers also foresee stable cash rents in 2026.
Looking ahead, farmers remain upbeat on farmland values, with long-term expectations rising to a record 165.
