By Jamie Martin
Farmer sentiment improved slightly in February according to the Purdue University-CME Group Ag Economy Barometer. The index increased from 113 in January to 116, showing that producers feel somewhat more positive about current farm conditions.
The survey, conducted from February 2 to February 6, 2026, revealed that while current sentiment improved, expectations for the future remain weaker. The Future Expectations Index reached its lowest level since September 2024 and was significantly lower than the level reported in February of the previous year.
Producers continue to express concerns about several economic factors affecting agriculture. Although worries about agricultural exports eased compared to the previous month, they remain higher than they were at the end of last year. In addition, the share of farmers who believe the United States is heading in the right direction has declined for two straight months.
The survey also examined farmers’ long-term growth plans. About half of the respondents said they plan to expand their operations within the next five years. Among those planning to grow, roughly 14% expect to increase their farm size by 10% or more.
At the same time, a number of producers are taking a more cautious approach. Around 34% indicated they do not plan to expand their farms, while about 15% said they may reduce the size of their operations.
Family succession remains a key topic in agriculture. The survey found that about 36% of producers expect to bring another family member into their farm business during the next five years.
Farmers were also asked how they plan to use payments from the Farmer Bridge Assistance Program announced in December. Nearly half said they would use the funds to reduce debt, while others plan to strengthen working capital, cover family living costs, or invest in machinery.
Overall, the February results highlight mixed sentiment in agriculture. While producers report on improved current conditions, ongoing concerns about input costs, commodity prices, and the broader economy continue to shape expectations for the future.
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