In today's newscast we look at whether recent severe weather in Iowa and Nebraska will have any negative impact on crop yields and equipment sales, declining sales for irrigation companies, rising new and used equipment inventories and changes to crop insurance subsidies.
Besides commodity prices and the weather, the topic of land values has probably garnered the most attention from the ag community in recent years (though in recent months "Big Data" seems to be catching up). Of course, anyone who was around in the early 1980s has an instant knee-jerk reaction to almost any news of a slowdown or dropoff in farmland values.
Net income attributable to Deere & Company was $681.1 million, or $1.81 per share, for the first quarter ended January 31, compared with $649.7 million, or $1.65 per share, for the same period last year.
In recent years, direct payments (DPs) have provided recipients with an incentive to satisfy environmental compliance (EC) provisions. Under EC, farmers must apply approved soil conservation systems to highly erodible cropland and refrain from draining wetland to maintain eligibility for most USDA agricultural programs.
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.
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.