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, 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.
