“Continued low prices, high production expenses and extreme weather is leading to more farm stress, including higher chapter 12 bankruptcies … The Ninth District’s farm economy might generously be described as struggling to tread water,” says a March 22, 2019, report in the Minneapolis Federal Reserve Banks’s recent issue of Fedgazette.
Ronald A. Wirtz, director of Regional Outreach for the Minneapolis Fed Bank and author of the report adds, “Farmers are also a victim…
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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.
