USDA updated its World Agricultural Supply and Demand Estimates for the 2016-17 crop season on July 12. With July weather being a critical factor in overall crop production trends, industry observers rated the report “mixed” or “neutral” for sales of farm equipment.
In a note, C. Schon Williams, analyst with BB&T Capital Markets, reported, “Cash receipts are forecast to be down 0.4% year-over-year, which is a slight improvement vs. our June estimate (–1.1%). With the…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
