By Ryan Hanrahan
RFD-TV’s Marion Kirkpatrick reported that “farmer sentiment weakened in April as producers continue to grapple with rising input costs and ongoing uncertainty about availability, according to the latest Purdue University Ag Economy Barometer.”
“The monthly survey found a noticeable drop in producer confidence, driven largely by concerns over fertilizer, fuel, and other key inputs needed for the 2026 growing season,” Kirkpatrick reported. “Farmers reported growing anxiety about both the price and timely access to these supplies, which economists say is directly influencing planting decisions and financial outlooks.”
“The report shows that while some producers remain cautiously optimistic about long-term conditions, short-term sentiment took a hit. A key factor: volatility in input markets,” Kirkpatrick reported. “Many respondents indicated that sharp swings in fertilizer and diesel prices are making it increasingly difficult to lock in break-even levels or plan ahead with confidence.”
Purdue University’s Morgan French reported that “only 15% of producers indicated that financial conditions improved in April compared to the same period last year. When looking at the year ahead, 28% of respondents cited expectations of worse financial performance, compared with 25% expecting better financial performance. The Farm Capital Investment Index also fell by 9 points to 44, its lowest level since October 2024, indicating a decline in willingness to make large investments.”
“April’s survey also examined the impact of current events on farm income and corn break-even prices in 2026. Approximately two-thirds of respondents expect to reduce their farm’s net income in 2026,” French reported. “Among producers who planted corn in 2025, about half expect corn break-even prices to increase by up to 6% in 2026, 14% expect increases of 6% to 9%, and 37% anticipate increases of 10% or more.”
Source : illinois.edu