Yesterday, USDA reported that the condition of the U.S. corn crop continues to deteriorate. This is the fourth or the last five weeks that the ag agency has said that the condition of the crop has worsened compared with the previous week and previous year.
Yesterday, USDA reported 63% of the U.S. corn crop is in "good" or "excellent"? condition. This is below last week's 66% and last year's 70%. The condition of soybeans for this date also declined with 56% in "good" or "excellent" condition vs. 60% last week and 68% last year.
Yesterday, USDA reported with 96% of the crop now planted, the 2012 corn crop remains ahead of last year's crop (75%), as well as the average pace over the last five years (81%).
Net income attributable to Deere & Company was $1.056 billion, or $2.61 per share, for the second quarter ended April 30, compared with $904.3 million, or $2.12 per share, for the same period last year.
USDA reported that 87% of the 2012 corn crop was in the ground. This puts planting progress far ahead of last year's pace (56%) as well as that of the five year average (66%).
For the quarter ended March 31, 2012, Hemisphere GPS reported revenues of $22.6 million, a 7% increase from revenues of $21.2 million reported for the first quarter of 2011.
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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