As commodity grain prices decline, University of Illinois’ ag economist Gary Schnitkey is advising farmers to reduce their capital expenditures sooner rather than later.
“During recent years, capital purchases on grain farms have more than tripled on a per acre basis,” said Schnitkey of the Dept. of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, in a Dec. 2 Farmdoc Daily report. “Capital purchases will need to decrease given the lower net incomes projected…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
