by Michael Langemeier and Joana Colussi,
Purdue Center for Commercial Agriculture
Farmer sentiment dropped again in May as the Purdue University-CME Group Ag Economy Barometer (AEB) Index declined from 121 points in April to 119 (see Figure 1). The Current Conditions Index fell by 8 points, while the Future Expectations Index increased by 1 point (see Figure 2). This month's Current Conditions Index was 21 points below last year's December index, reaching its lowest level since December 2024.