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Farm Production Expenses Forecast to Decrease 1.3% in 2020

November 2, 2020 | Posted in Data & Trends

Farm sector production expenses (including expenses associated with operator dwellings) are forecast to decrease by $4.6 billion (1.3%) to $344.2 billion in 2020 in nominal terms, i.e. not adjusted for inflation.

USDA Crop Progress Report Shows 72% of Corn Harvested

October 26, 2020 | Posted in Commodities

According to the latest crop progress report from USDA, 72% of corn in the U.S. has been harvested, surpassing the 38% harvested in the same week last year and the 5 year average of 56%.

Brazil’s Competitiveness in Global Ag Markets Rooted in Currency Depreciation

October 22, 2020 | Posted in Data & Trends

Brazil’s macroeconomic policies — currency devaluation, in particular — have played an important role in its position as one of the top exporters of agricultural products, including soybeans, corn, cotton, sugar, coffee, orange juice and meat.

USDA Crop Progress Report Shows 60% of Corn Harvested

October 19, 2020 | Posted in Commodities

The latest USDA Crop Progress report, which reports data for the week ended Oct. 18, 2020, shows 60% of corn has been harvested, above the 28% harvested this time last year and the 5 year average of 43%.

USDA Reports Over Half of Soybeans Harvested

October 13, 2020 | Posted in Commodities

According to the latest crop progress report from USDA, 61% of soybeans have been harvested as of the week ended Oct. 11, 2020. This surpasses both the 23% harvested this time last year and the 5 year average of 42%.

USDA Reports Farmland Values Remained Stable in 2020

October 12, 2020 | Posted in Data & Trends

The value of farmland is an important economic indicator for the agricultural business because it represents most farmers’ highest valued asset. Steady or rising farmland values along with low interest rates have been positive trends for farmers, particularly in light of lower commodity prices in the past several years. Stable farmland prices have remained the one positive during these years of major challenges for U.S. farmers.

USDA Reports 25% of Corn Harvested

October 5, 2020 | Posted in Commodities

According to data from the most recent crop progress report from USDA, one quarter of corn in the U.S. has been harvested, surpassing the 14% that was harvested this time last year and the 5 year average of 24%.

USDA Reports Three-Quarters of Corn Mature in the U.S.

September 28, 2020 | Posted in Commodities

The latest USDA Crop Progress report showed 75% of corn mature as of the week ended Sept. 27, 2020. This surpassed both the 39% reported mature in the same week last year and the 5 year average of 65%.

Genetically Engineered Corn & Soybean Seeds Have Seen Wide Adoption Since 1996

September 25, 2020 | Posted in Data & Trends

Genetically engineered (GE) seeds were commercially introduced in the United States for major field crops in 1996, with adoption rates increasing rapidly in the years that followed.

USDA Reports Over Half of U.S. Corn Mature

September 21, 2020 | Posted in Commodities

According to the latest USDA Crop Progress report, 59% of corn was reported mature as of the week ended Sept. 20, 2020. This is more than double the 26% reported mature in the same week last year and the 5 year average of 49%.

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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.

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