My last 5 business days were productive. Before and after a 26-hour conference in Colorado, I had two interviews for “Our Dealer Story,” attended a Far West Equipment Dealers Assn. board event, toured two suppliers and met with a farm machinery analyst. The road miles showed things growing again, albeit the corn was only ankle high.
The corn “spot price” rose sharply in May as successive USDA crop progress reports showed corn plantings falling behind multi-year averages. Amid the weather and planting uncertainties, some analysts are suggesting that the 2019 corn crop could be the smallest since the drought year of 2012.
USDA is reporting that only 4% of corn acres and 15% of soybeans are still to be planted as of June 23, 2019. Farmers managed to get another 4% of their corn in the ground in the past week, taking the total percentage of acres planted to 96% (vs. 92% the previous week).
Rain continues to fall across the U.S. Corn Belt, and with many Final Plant Dates (FPDs) already weeks into the past, here are a few major areas of interest your farming customers will want to keep in mind when considering filing a prevented planting claim.
As of June 16, 92% of U.S. corn was in the ground and 77% of soybeans had been planted. Both remain far behind the normal pace of planting and a high level of uncertainty remains about how much corn will actually get planting at this late date.
As the trade wars continue to wage in U.S., farm equipment sales numbers mirror the uncertainty within the industry. U.S. sales saw minimal growth in most categories while Canada dropped in all but two, according to the latest AEM sales data.
U.S. farmers planted 16% of their corn acres, while an additional 21% of soybeans were sown last week, an improvement over recent reports, according to the USDA’s latest Crop Progress report.
Lessiter Media is pleased to announce the addition of Benjamin Thorpe to its Ag Division editorial team. Thorpe will serve as an Associate Research Editor of Ag Equipment Intelligence and Farm Equipment.
Only two-thirds of the U.S. corn crop was in the ground and less than 40% of soybeans had been planted as of June 2. Much of the crop that has been planted is looking ragged.
The Ag Economy Barometer, an agricultural producer sentiment measure based upon a nationwide mid-month survey of 400 U.S. agricultural producers, dropped again in May. The May barometer reading of 101 was 14 points lower than a month earlier and was the lowest barometer reading since October 2016.
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.