Real gross domestic product (GDP) decreased at an annual rate of 5% in the first quarter of 2020, according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1%.
According to a report from USDA, capacity utilization in the U.S. pork processing industry is on the rebound as workers in plants, earlier infected by COVID-19, recover and return to work.
The COVID-19 pandemic continues to take a toll on an industry that represents 12% of the U.S. manufacturing sector, according to a new survey released today by the Assn. of Equipment Manufacturers (AEM).
According to a recent report from CEMA, the general business climate index for the agricultural machinery industry in Europe has further improved but remains deeply negative at -47 points (on a scale of -100 to +100).
Wheat and corn prices tend to move in parallel, with cash and futures wheat prices historically being slightly above those for corn. However, when efforts to contain the outbreak of COVID-19 brought about widespread stay-at-home orders, this wheat and corn price series began to diverge significantly.
The Equipment Leasing & Finance Foundation (the Foundation) has released the June 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market increased to 45.8, up from the May index of 25.8.
According to a report from Farmers National Company, following the COVID-19 outbreak, the land market hit the pause button as buyers and sellers slowed activity. Opposing factors will be pushing and pulling land values in the coming months to decide what’s next for the land market.
Economic activity declined in all Districts – falling sharply in most – reflecting disruptions associated with the COVID-19 pandemic. Agricultural conditions worsened, with several Districts reporting reduced production capacity at meat-processing plants due to closures and social distancing measures.
The global production of feed grains, which includes corn, sorghum, barley, and oats, is projected to reach a new record of 1.48 billion tons in marketing year 2020-21, up more than 5% from the previous year.
According to a report from ETAuto, Sonalika Tractors saw an increase in its sales last month, reporting 9,177 units sold, up 18.6% from 7,737 units sold in the same month last year.
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Precision ag pioneer Al Myers is a member of the Farm Equipment Shortline Legends Hall of Fame 2024 class. It’s been almost 35 years since the Ag Leader founder introduced the groundbreaking Yield Monitor 2000.