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In the June Ag Economy Barometer from Purdue University and CME Group, producers were asked what impact the Iran conflict will have on their farm’s net income in 2026.
Similar to the results from April, approximately two-thirds of the respondents expected their net farm income to decline in 2026 due to the Iran conflict, which began in late February. Of those, 52.8% said the conflict would have a negative impact, with another 13% saying it would have a very negative impact. While 21% said it would have no impact, just over 13% said it would have either a positive or very positive impact on their farm.
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