Executive Summary is part of a 25-page report issued each month to paid subscribers of Ag Equipment Intelligence.

The Creighton University Rural Mainstreet Index (RMI) declined in January, though it remained above growth neutral for the 14th straight month, according to the Jan. 20, 2022, release of the monthly survey of bank CEOs in a 10-state rural area.        

In this episode, brought to you by Agrisolutions, hosts Casey Seymour and Aaron Fintel of Moving Iron LLC discuss the used planter market and how quiet it was at the end of 2021 and what it has looked like the first few weeks of 2022 and what they are expecting to see this fall. They also touch on the used combine market and what we can expect to see in that segment this year.

Nearly 360,000 tractors and combines left dealer lots in 2021 in North America, reported the Association of Equipment Manufacturers (AEM) over the weekend. United States and Canadian unit sales of ag tractors and combines finished 2021 with gains over 10% in nearly every segment in both countries.

As COVID cases and its complications continue, the U.S. economy continues to thrive, according to a new quarterly report from CoBank's Knowledge Exchange. Workers are steadily returning to the labor force and consumers are still spending confidently.

For 2022, the Purdue Agricultural Economics Report released on Jan. 13 cited inflation and COVID-19 uncertainty as key issues impacting food prices, general economy performance, farm costs and returns, farm financials and household economics.

Iowa State Agricultural Economist Bobby Martens has been researching U.S. ag supply chains for over 16 years. He will share his perspectives on supply chain management at the Farm Futures Business Summit and Ag Finance Boot Camp Jan. 19-21 in Iowa City, Iowa.