The Purdue University-CME Group Ag Economy Barometer index has declined for the second month in a row. The July index decreased 11 points from June’s reading. The change was fueled by U.S. farmers’ weaker perceptions regarding both current conditions and their expectations for the future. The July Current Conditions Index decreased 17 points while the Future Expectations Index declined 7 points, both compared to a month earlier. Weaker income prospects in 2025 were largely responsible for farmers’ weaker appraisal of current conditions. Although all three principal farmer-sentiment indices were less in July than a month earlier, producer sentiment remains much more positive than at this time in 2024, with almost three-quarters of July’s survey respondents reporting that the United States is headed “in the right direction.” The July barometer survey took place July 7-11, 2025.
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James Mintert
Michael Langemeier
James Mintert and Michael Langemeier are agricultural economists with Purdue University. Each month the Ag Economy Barometer from the Purdue University-Center for Commercial Agriculture surveys 400 U.S. agricultural producers to discern attitudes and sentiments regarding the status of the U.S. farm economy. Each quarter 100 agribusiness leaders are surveyed to provide additional insight into the health of the agricultural economy. Visit ag.purdue.edu for more information.
