According to authors of the report, concerns regarding future economic conditions pushed the Index of Future Conditions down to 139 in March, a 6 point drop from readings in February.
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.
The September survey results were released on Tuesday and found that lingering concerns with trade disputes, combined with record yields due to unusually favorable weather conditions this summer, led to significant declines in farmer sentiment.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.