According to a June report in the Wall Street Journal, Ethanol demand is topping out. The amount used in gasoline is near federal mandates, and gasoline consumption is declining. After 15 straight years of growth, ethanol production this year will fall slightly and will be roughly flat next year, according to the U.S. Energy Information Administration's May forecast.?
Fiscal 2012 agricultural exports are forecast at $134.5 billion, up $3.5 billion from the February forecast, but $2.9 billion below final fiscal 2011 exports, according to USDA's most recent "Outlook for Agricultural Trade."
New analysis out this week from the Univ. of Illinois suggests that a target price-based risk management program that could accompany the House Agriculture Committee's version of the 2012 Farm Bill may offer a far more favorable safety net for some crops than for others, a prospect that worries the American Soybean Association (ASA).
USDA expects corn plantings to reach nearly 96 million acres in 2012, the highest since 1937, and 4% higher than 2011 acreage. Soybean acres are expected to fall slightly (down 1%) and acres planted to wheat are forecast to rise by 3% in the year ahead vs. last 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%
This installment of Trade Values & Trends looks at the resale values for used Class V through VIII combines and corn and soybean headers over a four-year period.
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.