As more people are one, two or three generations off the farm, fewer people can share fond memories of visiting or working on their grandparent’s farm. This migration away from farming unfortunately leads to a loss of recognition of how important agriculture is to society and its economic importance to the U.S.
Net income attributable to Deere & Co. was $802.4 million, or $2.49 per share, for the second quarter ended April 30, 2017. Key markets show signs of further stabilization.
Rocky Mountain Dealerships (RME) and Cervus Equipment (CERV), two of Canada’s largest farm equipment dealership groups, issued first quarter earnings reports in the past week showing improved sales levels.
There are definitely signs that there is some strength building into the tractor markets as the year continues to progress. Confidence on rural main street remains high even though the political in-fighting in Washington D.C. roils.
On Monday, USDA reported that as of May 7 47% of U.S. corn acres had been planted. This compares to 34% a week ago and 61% a year ago. It is just slightly below the 5-year average of 52% of corn acres planted for this date.
It’s not a secret or surprising that farmers first look at reducing or totally eliminating purchases of equipment when they need to cut costs. This reality was further reinforced by a recent survey of more than 500 farmers by Farm Journal Media and posted on its AgWeb.com website on April 7.
In April, we polled Farm-Equipment.com readers asking them, “How many used equipment turns did you achieve in 2016?” A good benchmark for inventory turns is 2.5-3, according to the Western Equipment Dealers Assn.’s “Cost of Doing Business” report.
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.
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