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Farmer sentiment dropped in April as the Purdue University-CME Group Ag Economy Barometer (AEB) Index declined six points from March.
The percentage of producers who expected good times in the next five years was 37% in April, which is 19% lower than the April 2025 survey report.
There continues to be a large disparity in expectations between crop and livestock producers. Approximately 31% of respondents expected good times for crop producers, while 69% expected good times for livestock producers.
Concerns about input costs remained high, and a higher percentage of respondents indicated that input availability is a major concern, likely driven by the uncertainty the Iran conflict has caused in fertilizer markets.
A lower percentage of respondents indicated that U.S. policy is headed in the “right direction”, along with a lower percentage expecting land values to increase in the next five years, pointing to less optimism regarding long-run sentiment.
