Industry Insider

Ag Equipment Intelligence

Midwest Farm Lending Up, But Not Much for Equipment

Loan volumes for almost all farming purposes rose at commercial banks, as many producers contended with tighter profit margins, according to the April 2015 edition of the Agricultural Finance Databook from the Federal Reserve Bank of Kansas City. Agricultural lending continued to grow in the first quarter of 2015, but the smallest percentage of overall loans were for farm machinery and equipment, which showed little or no increase vs. a year ago.
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Forecasts & Trends

Deere Expects to Remain Profitable Despite Slumping Ag Sales

Despite a less-than rosy outlook for ag for the remainder of 2015, Deere & Co. expects to remain solidly profitable for the year. Its outlook calls for net income of $1.9 billion for fiscal 2015, up from its previous guidance of $1.8 billion. The company is projecting a continued recovery in its construction equipment business as well as “adept execution” of its operating plans.
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On the Record

Deere 2Q Equipment Sales Fall 20%

In today’s newscast we look at John Deere’s second quarter and Cervus’ first quarter earnings reports, a significant merger between two specialty equipment dealerships, as well as several other “Dealers on the Move,” the impact of declining farmland values and, from the Technology Corner, recent strides in ISOBUS conformance testing.
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