Farmers surveyed in the latest Ag Economy Barometer indicate they are more optimistic about making large investments in their operations.
Jim Mintert is the director of the Purdue Center for Commercial Agriculture.
“People are feeling a little bit better and I think people are a little bit more willing to investment and maybe think about things from a little longer-term perspective,” he says.
When asked about plans for farm machinery purchases, fewer farmers reported they plan to reduce purchases than in prior months.