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Farmers Back Tariffs to Boost U.S. Ag Economy Long-Term

May 08, 2025
By Farms.com

Farmers Expect Strong Financial Performance in 2025

American farmers are showing strong support for the administration and efforts to restore fairness in global trade and open new markets for domestic producers.

According to the latest Purdue University-CME Group Ag Economy Barometer, 70% of farmers believe that administration tariffs will strengthen the agricultural economy in the long run.

Farmer sentiment improved in April, with increases in both current and future expectations. The Farm Capital Investment Index reached its highest level since May 2021.

This month, one out of four respondents said it was a good time to make large investments, nearly double the percentage of respondents who said it was a good time to invest when surveyed from May through October of last year.

Additionally, the Farm Financial Performance Index has been above 100 for four consecutive months, indicating that producers expect financial performance this year to match or slightly exceed last year’s levels.


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This material is based upon work that is supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, under agreement number 2023-38640-39573 through the North Central Region SARE program under project number ENC23-226. USDA is an equal opportunity employer and service provider. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and should not be construed to represent any official USDA or U.S. Government determination or policy.