While most farm input costs have increased during the past few years, few inputs have outpaced the surge in the cash rents farmers have experienced. For example, the Minnesota Agricultural Statistic Service reported rents across the state increased by 11.1% from 2011 to 2012 and another 18% from 2012 to 2013. Some states have seen even higher rent increases since 2010.
Considering that farm real estate (land and buildings) is the single largest asset on the farm-sector's balance sheet, trends affecting farmland values are always a good thing for ag machinery dealers and manufacturers to keep an eye on. Right now, it appears farmland values have reached their zenith and will begin to plateau or decline somewhat.
U.S. turkey consumption follows a strong seasonal pattern characterized by peaks in per capita consumption around the Thanksgiving holiday. Wholesale and retail prices tend to peak in the months preceding Thanksgiving followed by drops in price during November and December.
Farm Depot, a growing AGCO dealer, is opening its third location in lower Michigan. The newest store for this Massey Ferguson dealership is in Ionia, Mich. It also has locations in Caro and Schoolcraft, Mich.
According to the Global Alliance for Agriculture Equipment Manufacturing Assns., ag machinery makers continue to express a high level of confidence in their prospects for increasing their ag machinery business.
While USDA raised its outlook for farm cash net income for 2013 by 7.4% over its August estimate, it still represents a 3.4% drop from 2012 levels. USDA raised its 2013 U.S. farm cash net income forecast to $129.7 billion, up from $120.8 billion in its August forecast and $123.5 billion in its initial February forecast.
It is imperative in a leadership role that you communicate effectively. An age-old aphorism goes, “It’s not what you say, but how you say it.” Communication is what separates a poor leader from an exceptional one. Having effective communication skills is the key to good leadership
ProAG, the Hay Products Division of Morris Industries, introduces its new ProAG Bale Hiker 2200, a round bale handling machine built to meet the demands of today's diversified agricultural industry. Built for durability and efficiency in handling heavy round bales, the ProAG Bale Hiker 2200 is engineered to increase productivity in the field, which directly affects the farmer's bottom line. Whether
Polaris Industries Inc. (NYSE: PII) today announced the company is donating two RANGER 800 full-size, side-by-side vehicles, equipped with TerrainArmorâ„¢ Non-Pneumatic Tires (NPT), to help with the tornado disaster relief effort in Washington, Illinois.
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.