USDA's latest World Ag Supply & Demand Estimates (WASDE) on August 10 further confirmed what most farmers, dealers and equipment manufacturers already knew: 2012 will be a lousy year for crops, but fairly decent for farm incomes mostly due to rising commodity prices and the high use of crop insurance.
While the drought throughout the Midwest grain-producing region of the U.S. has industry observers speculating about its impact on farm machinery sales for all of 2012, North American retail sales have more than held its own through June and the first six months of the year.
Ernie Goss says his research finds the drought hitting beyond the farm field, impacting other businesses like ethanol plants and farm equipment dealers.
Depending on the part of the country where the dealer is located, his or her responses to "How is your business looking?" can differ somewhat, but it's clear that the drought has caught everyone's attention
While the drought in the U.S. is bullish for crop prices, it’s taking its toll on farmer sentiment, which can be equally important when it comes to equipment buying decisions.
Today, USDA reported that for the sixth week in a row, and the seventh of last seven weeks, the condition of the U.S. corn crop continued to deteriorate.
Earth has done an ecological about-face: Global plant productivity that once flourished under warming temperatures and a lengthened growing season is now on the decline, struck by the stress of drought.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at how the flooding in Texas will impact the ag industry and check in with some dealers in the region.
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.