Financial incentives to encourage farmers in Russia to buy new combines and tractors have been agreed to by provincial authorities and two domestic manufacturers.
USDA’s crop acreage report revised the corn-planted acres down to 87.9 million acres compared with 88.8 million acres in March, but it was much lower than industry expectations of 89.3 million acres.
While North American sales of large farm equipment maintained its strong growth trend in seasonally important March, sales of compact tractors showed its first positive signs in nearly 2 years.
During a conference call with JP Morgan investors on April 14, Richard Guse, a corn and soybean farmer from Waseca, Minn., said, given current profitability, he expects to continue to roll his equipment annually unless corn falls below $3 a bushel.
The first list of farm equipment “Big Dealers” that appeared in the April 2009 Ag Equipment Intelligence showed 151 dealer groups that operated 5 or more stores.
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In this episode we look at the potential impact Hurricanes Helene and Milton will have on ag production as well as the dealers and manufacturers in the impacted region.