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Events / Business / US Farmer Sentiment Declines May
Business economic survey

US Farmer Sentiment Declines May

Analysis based on 9 articles · First reported Jun 02, 2026 · Last updated Jun 02, 2026

Sentiment
-20
Attention
4
Articles
9
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The decline in farmer sentiment, driven by rising input costs and geopolitical events like the Iran conflict, suggests potential downward pressure on agricultural commodity prices and reduced capital investment in the farming sector. This could affect futures markets traded on CME Group and the profitability of agricultural businesses.

Agriculture Derivatives
Event Summary

Farmer sentiment in the United States declined in May, with the Purdue University/CME Group Ag Economy Barometer falling to 119. This drop is primarily attributed to mounting concerns over high input costs, which reached a record high as the top concern for 51% of respondents. The Current Conditions Index fell to its lowest level since December 2024, indicating a cautious financial outlook among farmers. Approximately two-thirds of respondents expect their net farm income to be reduced in 2026, partly due to the Iran conflict, which is also expected to increase Maize break-even prices. Despite the overall negative sentiment, farmland value expectations strengthened. The survey also noted a decline in the percentage of respondents who believe the United States is headed in the 'right direction'.

Entities Involved
exch
CME Group
CME Group co-sponsors the Ag Economy Barometer, which measures farmer sentiment, and its markets are directly affected by agricultural economic conditions and commodity prices.
Importance 70.0 Sentiment 0.0
per
Michael Langemeier
Michael Langemeier is the principal investigator of the Ag Economy Barometer and director of Purdue's Center for Commercial Agriculture, providing expert commentary on the survey results.
Importance 60.0 Sentiment 0.0
cmdt
Maize
The survey indicates that corn break-even prices are expected to rise due to high input costs and the Iran conflict, impacting profitability for corn producers.
Importance 50.0 Sentiment -10.0
cnt
United States
The survey reflects farmer sentiment across the United States, with a declining percentage of respondents believing the country is headed in the 'right direction'.
Importance 50.0 Sentiment -10.0
cnt
Iran
The Iran conflict is cited as a factor expected to reduce net farm income and increase corn break-even prices in 2026 for farmers in the United States.
Importance 40.0 Sentiment -20.0
Relationships
CME Group related ↔ United States
CME Group related ↔ Iran
Maize related ↔ United States
Maize related ↔ Iran
United States enemy ↔ Iran The United States is actively at war with Iran, having launched military strikes and imposed a strict naval blockade to
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