In both 2013 and 2023, per- acre machinery value declines as farm acreage increases.  However, the rate of decline is less steep in 2023 than in 2013, indicating a more efficient allocation of machinery investment on larger farms.

As farmers begin heading to the fields for planting, Sandhills Global and TractorHouse report U.S. inventories of used planters continued on a downward trend in April.

Global trade disruptions have caused significant challenges for Canadian agriculture, says Leigh Anderson, senior economist with Farm Credit Canada. 

As of May 7, corn prices were $4.49 down 23 cents from our last episode two weeks ago. Soybeans closed at $10.39, down 1 cent. And Wheat closed at $5.34, up 6 cents.

While YouTubers would have you believe CNH was packing up and leaving the U.S., the OEM’s quarterly presentation suggests its U.S.-based manufacturing is alive and well, although softer due to current market conditions. 

In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at CNH Industrial’s U.S.-based manufacturing and the potential impact of steel tariffs. In the Technology Corner, Noah Newman explores what autonomy in ag could look like 5 years down the road. Also in this episode, a closer look at how trade disputes are impacting the ag equipment business in Canada and an update from Sandhills Global on the used planer market in the U.S.

Producers responding to the April survey overwhelmingly reported that they expect the increased use of tariffs by the U.S. to prove beneficial to the U.S. agricultural economy in the long run.