This uptick was driven by a 9-point gain in the Current Conditions Index and a 3-point increase in the Future Expectations Index.
The rise in farmer confidence was linked to higher crop prices between December and mid-January, coupled with fewer producers citing commodity prices as a top concern. Eastern Corn Belt prices for near-term delivery of corn rose 9% while soybeans climbed 5% during that period.
While sentiment around current conditions improved, farmers remained even more optimistic about the future. The Future Expectations Index surpassed the Current Conditions Index by 47 points, indicating strong confidence in long-term agricultural prospects. The survey was conducted from January 13-17, 2025.
