The Buenos Aires Cereal Exchange has updated its estimates for the corn and soybean surface in Argentina. The corn surface would jump to a record of 24.9 million acres, 7% more than the 2019-20 season. In the meantime, the soybean area would fall to 40.7 million acres, which is 2% less than the previous season. According to local analysts, farmers respond to export tax rates put at 33% on soybeans and 12% on corn.
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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.
