According to the March 5 Sandhills Global used equipment Market Reports, average combine asking prices were flattish year-over-year and month-over-month in February.
Last summer at the Farm Progress Show, the general sentiment among exhibitors was a lot of the uncertainty would ease post-election, regardless of the outcome. That’s usually true in election years.
According to the latest numbers from the Assn. of Equipment Manufacturers and analysis from JP Morgan, Inventory-to sales for combines decreased year-over-year to 1.6 months.
The USDA updated its global supply and demand estimates for 2024/25, with U.S. ending stocks for corn, soybeans, and wheat slightly above or below consensus.
Deere & Company reported net income of $1.245 billion for the fourth quarter ended Oct. 27, 2024 compared with net income of $2.369 billionfor the quarter ended Oct. 29, 2023.
Deere & Co. remains confident about producing to demand during fiscal year 2025, JP Morgan (JPM) analysts reported following a virtual meeting with Deere Director of Investor Relations Josh Beal in early October.
This month’s 2024/25 U.S. corn outlook is for smaller supplies and a modest decline in ending stocks. Projected beginning stocks for 2024/25 are 55 million bushels lower based on increases in exports and corn used for ethanol for 2023/24.
JP Morgan reported negative statistics for the industry, with especially negative trends in Brazil during its Ag OEMs: 2Q24 Earnings Preview webinar on July 11.
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.