Purdue Ag Barometer Shows Sharp Decline in Farmer Confidence
Farmer sentiment weakened sharply in January as the Purdue University-CME Group Ag Economy Barometer (AEB) Index dropped from 136 in December 2025 to 113 in January 2026 (see Figure 1). The Current Conditions Index dropped 19 points while the Future Expectations Index dropped 25 points (see Figure 2). Among the five indices that make up the AEB Index, the largest decline was in the question asking participants whether U.S. agriculture would have good times or bad times in the next five years. The index for this question fell from 122 to 88, marking its lowest point since September 2024. Respondents also expressed greater concerns about agricultural exports compared to last month. The January barometer survey took place from January 12-16, 2026. As a point of reference, the January WASDE report was released on January 12.
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Farmer sentiment weakened sharply in January as the Purdue University-CME Group Ag Economy Barometer (AEB) Index dropped from 136 in December 2025 to 113 in January 2026 (see Figure 1). The Current Conditions Index dropped 19 points while the Future Expectations Index dropped 25 points (see Figure 2). Among the five indices that make up the AEB Index, the largest decline was in the question asking participants whether U.S. agriculture would have good times or bad times in the next five years. The index for this question fell from 122 to 88, marking its lowest point since September 2024. Respondents also expressed greater concerns about agricultural exports compared to last month. The January barometer survey took place from January 12-16, 2026. As a point of reference, the January WASDE report was released on January 12.
