Farm Journal’s first Ag Economists’ Monthly Monitor of 2026 shows the U.S. agricultural economy started the year in a crop-sector recession. Row-crop producers are facing significant financial stress, while the livestock sector, especially beef cattle, remains comparatively strong. The survey also cites a crisis of confidence among farmers. Many report intense margin pressure and are responding by either diversifying operations or sharply cutting costs. Economists say the downturn is cyclical and manageable, but many farmers see it as a threat to their livelihoods.
