Industry News

Base Acreage, Direct Payment Rates Vary by Commodity

Direct payments are farm program payments that are based on historical cropping patterns of major commodities, or "base acres," with per-acre rates fixed in legislation and not linked to current production or market prices. Direct payments per acre vary significantly by commodity. In 2008, rice and peanuts received the largest direct payments per acre ($96.25 and $45.85, respectively).
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Zetor Re-Launches Major Series of Utility Tractors in North America

Zetor North America, Inc. (ZNA) today announced the re-launch of its Major Series of value-priced utility tractors in the U.S. and Canada. Initially, the new Major will be available in an 80-horsepower, four-wheel-drive cab version, with 60 horsepower, 70-horsepower, two-wheel drive and cabriolet (open station) models to be added later.
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Global Ag Equipment Production Remains 'Positive'

Overall, the global agricultural machinery industry remains positive; worldwide production volume is expected to increase to $110 billion (86 billion) by year-end 2012 and could grow by another 5% in 2013, according to reports from the Agrievolution Economic Committee, a gathering of the world's largest agricultural machinery associations.
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