2025 Farm Outlook: Profit Hopes Amid Economic Pressure

A recent Farm Futures survey reveals a mix of cautious optimism and concern among U.S. farmers regarding their financial outlook for 2025.

While two-thirds of farmers anticipate turning a profit this year, 74% expect their earnings to decline compared to 2024, citing economic pressures and market uncertainties.

“To me, the survey results show that farmers are settling into the reality of the current market downturn,” Ben Potter, senior editor at Farm Futures said.

“For example, 74% of respondents indicated that they expect lower profits in 2025 compared to 2024. Still, there are some hints of optimism, with a majority of respondents (73%) expecting to see lower interest rates this year, and few (28%) anticipating higher land rents.”

The survey also highlights farmers’ concerns over the impact of a new presidential administration and its proposed trade tariffs.

While 75% of respondents reported voting for Donald Trump, only 21% believe the administration’s tariff policies will benefit farmers. Responses were divided, with some expressing hope for long-term benefits like "leveling the playing field," while others warned of retaliation, lost exports and lower grain prices.

Despite these challenges, farmers remain focused on long-term success, bolstered by Farm Futures’ ongoing economic data, market insights and production strategies.

“Our most recent survey clearly shows that farmers are concerned about the current economic headwinds,” Farm Futures Executive Editor Pam Caraway said.

“That said, farmers play a generational game, and it’s heartening to see they are optimistic about the long term. The question continues to be whether some farms will not be economically able to weather this period. At Farm Progress, we are committed to providing our audience with tools they can use to prosper: economic data, tips from other farmers and, particularly, market outlooks and a heads up on pricing opportunities.”