The region’s overall reading for October fell to 34.6, its lowest level since May 2020, from
38.5 in September. The index ranges between 0 and 100, with a reading of 50.0 representing growth
neutral.

• The region’s overall reading fell to its lowest level since May 2020.
• For the 17th time in the past 18 months, farmland prices sank below growth-neutral.
• Farm equipment sales dropped below growth-neutral for the 26th straight month.
• Approximately 72% of bank CEOs gauge President Trump’s approach toward Chinese trade as about right.
• Farm loan delinquency rates rose from a very low 1.1% in June of this year to 1.6% this month.
• Approximately 84.6% of bankers support President Trump’s call for $10 billion in support to U.S. farmers.
• Regional exports of agriculture and livestock to China plummeted by 85.7% in 2025, compared to the same period in 2024.