The latest Purdue University CME Group Ag Economy Barometer highlights ongoing challenges in the agricultural sector. Michael Langemeier, director of Purdue’s Center for Commercial Agriculture, warns of difficult years ahead. “I think ‘24 and ‘25 are going to be two of the worst years since 2007,” he said. Lower crop prices and high production costs are squeezing profitability. Langemeier predicts a mixed year for U.S. agriculture, with crops struggling due to large supplies while livestock, especially beef, remains strong. “Even though prices are relatively low right now, in two, three years, we’ll probably be in a situation where crop prices are more similar to break-even prices.”
