The Assn. of Equipment Manufacturers reports that exports of U.S.-made ag equipment declined 15.8% for the first three quarters of 2015 compared to 2014, for a total $5.8 billion shipped worldwide.
Over the last 5 years, the role of Brazil and Ukraine as suppliers of global corn markets has expanded rapidly, and in 2013/14 Brazil and Ukraine became the largest corn exporters after the United States.
In today's newscast we report on whether the Fed's announcement will impact farm equipment manufacturers, how the strong U.S. dollar is impacting exports, AgJunction's recent merger, JCB's expanding dealer network for ag equipment and worldwide tractor sales.
If falling grain prices weren't enough for U.S. agriculture to contend with, a strong dollar could further stunt any hope for growth in the year ahead for American farmers and equipment manufacturers.
U.S. soybean exports increased, eclipsing its 10-week average for only the third time since the end of February. Corn and Wheat exports both saw nominal decreases.
The U.S. Department of Agriculture today released its Outlook for U.S. Agricultural Trade report. USDA projects that Fiscal Year 2014 agricultural exports will reach $149.5 billion, an estimated $6.9 billion higher than previous estimates and, if realized, a new record for American agricultural exports.
Exports of U.S. agricultural equipment dropped 6% in 2013 compared to the previous year for a total $12 billion shipped to global markets, according to the Assn. of Equipment Manufacturers (AEM).
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at how the flooding in Texas will impact the ag industry and check in with some dealers in the region.
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.