Last week, USDA issued its initial forecast for net farm income for 2012 and lowered its estimates by 6.5% vs. its revised 2011 projections of $98.1 billion. Its earlier 2011 forecast called for $100.9 billion.
An in-depth analysis of U.S. land use patterns released earlier this week by the USDA shows total cropland decreased by 34 million acres from 2002 to 2007, the lowest level since USDA began collecting this data 1945.
When things to be going too well, most of us start thinking about what could go wrong. As we're preparing for the 2012 Farm Equipment forecast, it's kind of scary to see how things are lining up for the coming year.
Yesterday, USDA reported 51% of the corn crop is in "good" or "excellent" condition, down from last week's 53% and last year's 68%. Soybean conditions also slipped to 53% in "good" or "excellent" condition, down from last week's 56% and last year's 63%
While many industry analysts view the USDA's latest crop report (September 12) as a positive for ag machinery sales, Adam Fleck, associate director of research for Morningstar, sees it as a" neutral"? for farm equipment manufacturers.
Goodbye direct payments. Considering current budgetary issues, Gary Schnitkey, Univ. of Illinois professor of agricultural economics, says to expect some changes in programs farmers have grown accustom to.
This afternoon, USDA released its weekly crop report and overall crop conditions continue to deteriorate as weather in various ag regions remains tough on yields.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at Compeer Financial and PepsiCo’s pilot program to help lower the cost of strip-till equipment for farmers.
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.
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