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The Purdue University-CME Group Ag Economy Barometer Index climbed to 139 in November, 10 points higher than in October and the highest barometer reading since June of this year.

Farmer sentiment improved modestly in October, as the Purdue University/CME Group Ag Economy Barometer rose three points to a reading of 129. The boost came primarily from stronger confidence among livestock producers, who continue to benefit from record-high profitability in the beef sector.

The latest Purdue University/CME Group Ag Economy Barometer shows farmers continue to be concerned about the ag economy.

Farmer sentiment improved for the second consecutive month in May, reaching its highest level since May 2021. The sentiment boost was driven by a more optimistic outlook on U.S. agricultural exports and a less negative view of how tariffs will impact farm income in 2025.

The Purdue University-CME Group Ag Economy Barometer Index climbed to 139 in November, 10 points higher than in October and the highest barometer reading since June of this year.

Farmer sentiment improved modestly in March with the rise primarily attributable to producers expecting financial conditions on their farms to improve in the year ahead. The improvement in farmers’ financial outlook was buttressed by an improved interest outlook with nearly half of this month’s respondents saying they expect interest rates to decline over the next 12 months.

For the second month in a row, farmer sentiment improved as the Purdue University-CME Group Ag Economy Barometer climbed five points to reach an index value of 115 which left the index 12 percent higher than a year earlier