USDA’s Economic Research Service forecasts inflation-adjusted U.S. net cash farm income (NCFI) — gross cash income minus cash expenses — to increase by $13.5 billion (8.7%) from 2021 to $168.5 billion in 2022. This is the highest level since 2012.
In the next installment of its “Ag Equipment Intelligence Lists” series, Ag Equipment Intelligence has compiled the financial information on North American agricultural equipment manufacturer associations.
According to Ag Equipment Intelligence’s second annual survey to farmers about shortline equipment preferences, farmers continue to buy shortline equipment due to the “quality for the price” and the major-lines’ lack of experience in niche areas.
According to the results of an Aug. 3 survey from Ag Equipment Intelligence, CNH dealers are seeing less wholegoods revenue impact from the ongoing UAW strike than they initially predicted.
According to the Aug. 2 update to the Ag Economy Barometer from Purdue University, 44% of farmers said increases in prices for farm machinery and new construction was their primary reason to consider it a bad time to make large investments in their farm operations.
The general business climate index for the agricultural machinery industry in Europe has risen slightly for the first time since its sharp decline in the course of the Russian war against Ukraine, according to the July update to the CEMA Business Climate Index.
In June, the combined sales of tractors, harvesters and sprayers reached 774 units in Argentina or 11% more than the same month of 2021, according to the Argentinean Assn. of Automotive Dealerships (ACARA).
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.