Farmers are feeling better about their finances for the first time in over a year, but they're still holding back on spending big money on equipment and land improvements.
Farm confidence is climbing. Purdue's latest agriculture barometer shows producers feeling more optimistic about their financial prospects and seeing new opportunities in export markets.
The Purdue-CME Group Ag Economy Barometer rose 13 points in July, snapping a three-month slide. Stronger crop prices drove the rebound, though input costs remain the top concern for nearly half the farmers surveyed.
Purdue University's latest farm economy survey paints a cautious picture — crop producers are especially pessimistic, with just 25 percent expecting good times ahead compared to 68 percent of livestock producers.