The index that measures farmers’ willingness to buy equipment held strong at its record high of 93. The percentage of farmers expecting to increase their machinery purchases also held at its highest level of the last year.
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The Ag Economy Barometer drifted sideways in December, but the Farm Capital Investment Index concluded 2019 at the highest index value for the year.
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Although the Ag Economy Barometer dipped only slightly, there was a relatively large sentiment shift among ag producers as they were noticeably more pessimistic about current conditions but somewhat more optimistic about future economic conditions.
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