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Farmer sentiment improved in March, driven by improved expectations for the future even as current financial conditions remain mixed. The Purdue University/CME Group Ag Economy Barometer rose 11 points to 127. The Future Expectations Index climbed 14 points, while current conditions improved modestly.
Despite the rebound, producers remain cautious—only 4% plan to increase machinery purchases, and just 20% expect improved financial performance in the year ahead. At the same time, farmland value expectations strengthened and 65% of producers say the U.S. economy is headed in the right direction, signaling growing long-term confidence.