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Articles Tagged with ''interest rates''

Farmer Sentiment Rises, Interest Rates Remain Top Investment Concern

November 7, 2023 | Posted in Data & Trends

Improving sentiment resulted from farmers’ improved perspective on current conditions on their farms as well as their expectations for the future.

Interest Rates Become Top Farm Investment Concern Among Farmers

August 8, 2023 | Posted in Data & Trends

In its most recent update, Purdue University and CME Group's Ag Economy Barometer rose by 2 points to a reading of 123, primarily due to farmers' improved perception of current conditions.

On the Record

Oxbo Expands Forage, Manure Equipment Offerings with H&S Acquisition

By Ben Thorpe posted on July 14, 2023 | Posted in Data & Trends

In this episode of On The Record, we ask Oxbo what we can expect from their acquisition of H&S Manufacturing. In the Technology Corner, Noah Newman covers Versatile's recently announced collaborative autonomy project. Also in this episode: farmers' interest rates concerns and declining used equipment price trends.This episode of On the Record is brought to you by Weasler Engineering.

Farmers Say Interest Rates Now a Top Concern

April 5, 2023 | Posted in Data & Trends

Rising interest rates have become a leading reason for growers to not buy farm equipment, according to the latest update to the Ag Economy Barometer.

Farm Capital Investment Remains Low on Rising Costs

March 9, 2023 | Posted in Data & Trends

The March update to the Ag Economy Barometer from Purdue University and CME Group saw the farm capital investment index rise 1 point in February to a reading of 43.

Rising Interest Rates Impacting Growers’ Land Purchases

November 15, 2022 | Posted in Farming Practices

When asked about how rising interest rates are affecting his plans for 2023, Tom Barcellos, who farms 1,800 acres of primarily dairy feeds in Tipton, Calif., said he was worried about increases simply because he bought his neighbor last year.

Farmers Focusing on Farm Profitability, Price Increases for 2023 Equipment Purchases

November 15, 2022 | Posted in Data & Trends

The ag equipment industry is facing a variety of challenges at the moment: new equipment shortages, rising interest rates and fear of a global recession, to name a few. This has some in the industry wondering: which factors are impacting equipment purchase plans for next year the most?

Rising Interest Rates’ Impact on New Equipment Demand, Purchase Patterns in 2023

September 15, 2022 | Posted in Ag Equipment Business

The U.S. Federal Reserve has implemented four interest rate hikes so far in 2022. Federal Reserve Bank of Chicago President Charles Evans said another 75 basis-point increase could be coming later this month.

Creighton’s Rural Mainstreet Index Shows Strong Start

Farm equipment sales index slips to health level

January 21, 2022 | Posted in Data & Trends

The Creighton University Rural Mainstreet Index (RMI) declined in January, though it remained above growth neutral for the 14th straight month, according to the Jan. 20, 2022, release of the monthly survey of bank CEOs in a 10-state rural area.

Ag Credit, Loan Demands Increase; Equipment Borrowing Also on the Rise

April 23, 2019 | Posted in Data & Trends

According to the Kansas City Federal Reserve Bank's first quarter 2019 Databook, non-real estate lending continued to increase at a moderate pace in the first 3 months of the year. The volume of non-real estate loans increased 9% from a year ago.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

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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