The Purdue University survey of farmers found they were more optimistic in November than any time since June.
Its Ag Economy Barometer ticked up to 139.
Their opinions about the future increased by 15 points and their financial outlook improved by 10 to 15 per cent.
But they are tightening their belt on crop inputs, planning to purchase less phosphorous and nitrogen.
They are also cutting back on capital investments.
They expect long-term prices for farmland will increase and that next year’s rental rates will hold steady.
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