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Cautious optimism seen on ag economic conditions

Academics and Federal Reserve bank surveys show improvements in farm incomes and stabilizing farmland values.

With some improvements in 2017 in farm income and farm assets, optimism is slowing growing for finding the bottom in the current low agricultural economic cycle.

The downturn in agriculture has been gradual over the last three years, with increases in farm incomes and farm assets forecasted for 2017. Strength in farmland markets has helped as cropland values and cash rents remain flat for the U.S.

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