The volume of loans for farm machinery and equipment purchases dropped to the lowest level in more than 2 years, according to the January 2014 Agricultural Finance Databook from the Federal Reserve Bank of Kansas City. This drop occurred despite attractive loan terms of low interest rates and longer average loan maturities, says Nathan Kauffman, Omaha branch executive, and Maria Akers, associate economist.
“Elevated farm income and a decline in input costs dampened short-term lending…
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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.
