Farmers will produce a record-breaking corn harvest this year, surpassing earlier expectations of the U.S. Department of Agriculture, which on Tuesday revised upward its estimate of this year's corn crop to 14 billion bushels to exceed last year's 13.9 billion bushel record.
In today’s newscast we look at the possibility of equipment dealers using 3-D printers to make replacement parts, the latest earnings from AGCO, CNHI, Kubota and Trimble, Claas’ long awaited entrance into the North American tractor market, and what dealers think could prevent further declines in high horsepower tractor sales.
AGCO Corp., the manufacturer of combine harvesters and Massey Ferguson tractors, plans to increase sales in Africa by almost a third next year as entrepreneurs from the continent and elsewhere invest in agriculture.
In addition to significantly increasing crop yields, a new report from USDA suggests that intensifying land use could be another way to meet the rapidly expanding demand for ag commodities.
Source: Dealer Sentiments & Business Conditions Update, July 2014
Results of the July 2014 "Dealer Sentiments & Business Conditions Update" survey showed that overall industry sales slipped by 4% year-over-year in June.
Current USDA forecasts show declines in U.S. average farm prices for major U.S. field crops—corn, soybeans, wheat, and cotton—of 4 to 19 percent in 2014/15. For corn, soybeans, and wheat, this would be the second consecutive year of declining prices.
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.