Farmer sentiment weakened in April as the Ag Economy Barometer declined to 121, down from 127 in March, reflecting growing concern across U.S. agriculture.
The survey, conducted by Purdue University and the CME Group, found the Current Conditions Index dropped 11 points, while the Future Expectations Index also slipped.
High input costs remain the top concern for 46% of farmers, with worries about input availability rising as well.
Only 15% of respondents said their operations were better off than a year ago, while more producers expect financial conditions to worsen in the next 12 months than improve.
The Farm Capital Investment Index also fell to its lowest level since October 2024, signaling reduced willingness to invest.
The findings highlight ongoing financial pressure for farmers and ranchers as they navigate high costs and uncertain market conditions.
