It wasn’t good news this summer to see ag producers’ pessimism when asked what they thought the future had in store for the value of their land. But it appears that within the last month or two they have become more optimistic about the future of their land values.
The index Purdue University uses to measure willingness to make large investments, such as the purchase of farm machinery, stood at 56 in November, up from a reading of 52 in October.
Producers’ views of making large farm investments — such as the purchase of new machinery — improved in October, though they still remain cautious about making such investments.
Agriculture producers are less pessimistic about the U.S. ag economy and more willing to make large farm investments, according to the most recent Ag Economy Barometer survey from Purdue University and CME Group.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.