Despite recent increases in foreign ownership of forest land, annual data compiled by USDA's Farm Service Agency reveal that, as of February 2009, only 1.7 percent of privately owned land in farms or forest—22.8 million acres—was owned by foreigners.
With more cash in their pockets, Wisconsin farmers are spending it on tractors and other machinery - giving a boost to the rural economy and equipment makers such as John Deere Co.
It seems many North American farm equipment dealers are surprising even themselves when it comes to how sales are holding up through the first part of 2012.
While total 2012-13 U.S. crop receipts are forecast to slip by 4%, total planted acreage is expected to be up by 3.6% for the year, according to the USDA.
Mahindra & Mahindra's Farm Equipment Sector (FES) reports that domestic sales for its tractors in February came in at 14,341 units, compared with 18,134 tractors sold during February 2011.
Art's Way Manufacturing Co. Inc., (NASDAQ: ARTW) a leading manufacturer and distributor of farm machinery, announced its financial results for the fiscal year ended November 30, 2011.
Rocky Mountain Dealerships Inc. ("Rocky") (TSX:RME; RME.DB) is pleased to announce that in accordance with its previous announcement it has made an offer (the "Offer") to purchase all of its 7.00% convertible unsecured subordinated debentures due September 30, 2017 (the "Debentures") at a purchase price of $1,125 for each $1,000 principal amount of Debentures (the "Offer Price"), representing a premium of $125 to the face value of the Debentures per $1,000 principal amount.
Kubota is expanding its U.S. manufacturing presence by spending a little over $73 million on a new plant designed to assemble 30-50 horsepower compact tractors. The facility will be located on an existing site in Jefferson, Ga., where Kubota Industrial Equipment Corp. builds tractor implements.
Last week, USDA issued its initial forecast for net farm income for 2012 and lowered its estimates by 6.5% vs. its revised 2011 projections of $98.1 billion. Its earlier 2011 forecast called for $100.9 billion.
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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