When conducting the Canadian Farmer Sentiment Index survey in late April, RealAgristudies asked its insight panel some tough questions, including “Who doesn't want to win the Stanley Cup?”
But from there, we go back to the same questions asked in previous surveys, including how farmers feel about their current farm financial performance, their confidence in selling their crops, their mental health, and more. I plotted trend lines for the topics.
RealAgristudies co-founders Sean Haney and Justin Funk break into emerging trends, including reversing the future of farm financial performance, in the video below. Sentiment remains negative, but has moved much closer to the neutral line since our last survey. . For the first time since CFSI began in September 2022, future farm financial performance exceeded current farm financial performance. For those concerned about financial performance in this study, the reason remains commodity prices, input prices and borrowing costs.
Farmers are also confident in selling their crops and livestock, which can be attributed to improved prices and adequate profit margins, respectively.
The sentiment index also looked at land lease contracts, how farmers expect land rents to rise or fall, and how much prices will fluctuate.
RealAgristudies asks its Farmer Insights Panel to participate in the Canadian Farmer Sentiment Index four times a year. If you'd like to join in sharing your perspective, tap here.
