U.S. farmers retained their post-election optimistic outlook at the start of the new year as the January Purdue University-CME Group Ag Economy Barometer Index rose 5 points above a month earlier to a reading of 141.
A year ago in the 2024 Dealer Business Outlook & Trends Report, dealers indicated 2024 would be the toughest year for business since the COVID-19 pandemic.
"Following the 2024 presidential election, farmers’ perspectives on potential policy shifts showed significant changes," JP Morgan analyst Tami Zakaria said in a note to investors.
How well do you know your farm equipment news? Test your knowledge of recent ag industry updates for July/August 2024! The Farm Equipment News IQ Quiz is brought to you with the support of Ag Equipment Intelligence.
A five-point decline in the Index of Future Expectations to 112 was responsible for the overall sentiment decline, as the June Current Conditions Index of 90 was one point above the May index value.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we review the decline in farmer sentiment in April, which saw the Ag Economy Barometer and the Farm Capital Investment Index drop to their lowest levels since October 2024.
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.