Rising fuel prices can raise questions about the implications for food prices. Motor fuel prices for the first eight months of 2012 were 3 percent higher than those from the same time in 2011, which in turn were 28 percent higher than 2010 prices. Food prices usually move in the same direction as fuel prices, often with a slight lag as fuel costs are incorporated into food prices. However, while the direction is often the same, the sizes of the price swings differ.
Farmers, equipment dealers, equipment makers, agronomists and everyone else associated with agriculture are too busy doing what they’re supposed to be doing.
Today’s farmers are profitable. According to the USDA, 5 of the all-time top-earning years in U.S. agriculture occurred in the last 7 years. While high input costs, global recession and other factors reduced farm profits by 20% in 2009, 2010 is expected to be a rebound year. Net farm income is forecast to be up 11.8%, or $6.7 billion, this year compared to 2009.
Premier Power LLC of Alden, Iowa, has designed a new, mobile PTO power source for farm operations needing the flexibility of an efficient PTO power source in multiple locations.
While covering a recent ag machinery conference in Iowa, Ag Equipment Intelligence heard nothing to suggest the technological evolution in agriculture will slow any time soon.
Unveiling the next generation of industry leading products, Caterpillar Inc. (NYSE: CAT) is showcasing its Tier IV Interim/Stage IIIB readiness at an emissions strategy update event for industry professionals at the company’s Edwards, Illinois, Learning and Demonstration facility.
This morning John Deere reported that sale for its Ag & Turf Division were up 18% in the 4Q of its fiscal year and 21% for the entire year primarily due to higher shipment volumes.
Expenses for U.S. farmers rose 0.6 percent last year, rebounding from their first decline since 1986, as fuel and feed costs increased and growers bought more Deere & Co. tractors and CNH Global NV combines.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.