As of June 9, 95% of the U.S. corn crop is in the ground and 85% of it has emerged, according to yesterday's USDA Crop Progress report. The planted acreage as of June 9 compares with 100% last year at this time and the 98% average over the past 5 years.
After reading through the special report, "How the Weather is Changing Agriculture,"? that will appear in the September issue of Farm Equipment, I'm not convinced that anyone should do anything about the weather.
As of May 6, 2012, 71 percent of the 2012 U.S. corn crop had been planted, compared with an average of 47 percent between 2007 and 2011 and 32 percent in 2011.
The dramatic growth of emerging markets such as China, India and Brazil; strong crop prices; and the potential for a U.S. economic recovery continue to boost the prices of agricultural equipment manufacturers.
While commodity economics remain a bit "iffy" going into the last half of 2010, the trend toward higher prices along with lower farm inputs are pointing to a good potential for strong equipment sales through year end.
Advanced technologies, like GPS and variable-rate application offer farmers the best opportunity for improving crop yields and growing profits, according to one veteran crop consultant.
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.