Farmer sentiment dropped again in June as the Purdue University-CME Group Ag Economy Barometer (AEB) Index declined from 119 points in May to 113 points in June. The Index of Current Conditions fell by 5 points, while the Index of Future Expectations fell by 7 points. June’s Current Conditions Index was 26 points below its December 2025 reading, reaching its lowest level since December 2024. The percentage of respondents who listed high input costs as their biggest concern was 47% in June, with the concern about low crop and livestock prices at 23% coming in as a distant second. In a related question, 42% of respondents indicated that high input costs are limiting improvements in their financial position this year. The June barometer survey was conducted among 400 farmers across the country from June 15 to 19, 2026.

Only 12% of respondents indicated that their farm operations were better off in June than they had been a year ago. Looking ahead to the next 12 months, 22% of respondents expect their farms to be better off financially a year from now. The Farm Capital Investment Index fell 1 point to 40, its lowest level since September 2024.

As in last month’s survey, the June survey asked farmers to identify the main factor limiting improvement in their farm’s financial situation. High input costs were by far the most frequently cited constraint, selected by 42% of respondents. Low output prices ranked second at 17%, followed by weather risk at 14%, policy uncertainty at 11%, labor and equipment concerns at 9% and debt or financial pressure at 8%.