Items Tagged with 'Economic Research Service'

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Ag Equipment Intelligence

USDA Expects 2018 Farm Profits to Dip to 2016 Levels

If the current outlook for farm profits holds true, the replacement cycle buying that has propped up North American farm equipment sales the past few months could be short lived. And it’s too early to know if the Market Facilitation Program (MFP) might help offset some of the downturn in farm profitability that USDA is forecasting. 
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Ag Equipment Intelligence

As U.S. Farms Get Bigger, They Require Multiple Operators

Like the rest of the industry, including dealers and manufacturers of ag equipment and consumable products, U.S. farms are also consolidating and getting larger. For example, according to USDA, Farms with over $1 million in gross cash farm income (GCFI) accounted for half of the value of U.S. farm production in 2015, up from about one-third in 1991.
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Farm Equipment

A Closer Look at Ritchie Impement’s Service Department 

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