While current land values have generally trended lower this past year, results of farm and ranch income at year's end could shift land market dynamics. 2015 could be a pivotal year.
Titan Machinery has proactively been adjusting inventories and cash over the last 2 years in preparation for a downswing in large ag equipment and reports the company is healthy.
USDA reported today that U.S. corn and soybean crops remain in relatively good shape, but both crops have slipped somewhat behind either year-ago or their 5-year average progress.
In 2012, approximately 4% of U.S. farmers held 68% of total U.S. farm debt. This contrasts with the time period just prior to the farm crisis years (around 1979) when approximately 30% of U.S. farmers held approximately the same share (70%) of U.S. farm debt.
According to AgriBank's Insights newsletter, the current market conditions and resulting long-run forecasts suggest we are in the beginning of a down cycle in economic returns primarily for crop production, the largest segment of agriculture across the 15-state AgriBank District.
Corn and soybean futures saw their strongest sessions in 5 years following yesterday’s USDA Planted Acreage and Grain Stocks reports. The reports showed that domestic stockpiles of both crops were lower than expected as was planted acreage.
Worldwide production and sales of farm machinery are expected to decline by 10% in 2015, according to the VDMA Agricultural Machinery Assn. based in Frankfurt, Germany. After reaching an all-time sales high of $116 billion in 2013, sales of ag equipment fell slightly to about $114 billion last year.
New Holland and John Deere were the market leaders as the top selling farm tractors during 2014 in 10 of the 14 European Union countries featured in the April 23 issue of the German publication Eilbote. Both are also among each country’s top five best-selling tractor brands for the year.
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.