Agriculture will take any good news where it can get it. Yesterday's World Agricultural Supply and Demand Estimates from USDA was less mundane than expected as it helped extend a small run up in corn futures when the ag agency actually trimmed the U.S. harvest
The 2014/15 U.S. soybean crop is forecast at 103.8 million tons (3.82 million bushels)—13.6 percent above the previous record set in 2009/10—based on the outlook for record area harvested and yield.
The rapid growth of emerging markets worldwide is creating unprecedented demand for farm machinery, according to the Agrievolution Alliance, a global alliance of agriculture equipment manufacturing associations.
When farmers trade equipment, they often take a few steps ahead in technology and productivity. For Jason Starnes and his father, Kim, they ended up taking a step backward when they upgraded to a newer combine.
Source: Wes Nelson, USDA Farm Service Agency for the West Central Tribune
With input costs increasing, farmers are always looking for ways to be more efficient in the use of inputs. In recent years, increased efficiency has been made possible through the adoption of modern precision technologies that use information gathered during field operations to calibrate the application of seed, fertilizer, herbicides and insecticides.
USDA reported this morning that corn production fell slightly below the ag agency's September forecast and soybean production is 9% higher than it estimated last month.
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.
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