Students of the business of agriculture know that crop receipts are generally a good indicator of how thick farmers’ wallets will be after the harvest is completed and the crops are sold. But those on the equipment side of the business know it’s really farmers’ net income that determines if and what capital expenditures will be made. So, USDA’s net income projections are watched closely to forecast capex and to estimate equipment production and sales…
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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.
