Producers are more optimistic about making large investments in their farming operations, according to the latest Purdue University/CME Group Ag Economy Barometer.

Jim

Mintert is the director of the Purdue Center for Commercial Agriculture.

“The Farm Capital Investment Index rose to a reading of 60, from 50 a month earlier, and going back to April when it bottomed out it was at 38,” he says. “That’s a significant improvement.”  

Farmers

were also asked if they plan to buy farm machinery in the upcoming year.

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