The most recent UBS Investment Research survey of North American farm equipment dealers confirms Ag Equipment Intelligence’s earlier survey — dealers’ sentiments about 2012 sales remain strongly optimistic.

“Aggregate responses to our question on 2012 demand remained largely positive as 57% of dealers expect 2012 sales to improve year-over-year, while only 21% expect declines,” says Henry Kirn, machinery analyst for UBS. “Additionally, accelerated depreciation is likely to be a positive fourth-quarter catalyst as 80% of…