Sentiment among agricultural producers weakened in September as the Ag Economy Barometer declined 14 points to a reading of 124. This is the weakest farmer sentiment reading since July 2020 when the index stood at 118.
The Business Climate Index for the Agricultural Machinery Industry in Europe seems to have reached its peak in the months of May and June (with the highest levels since 2008).
In our most recent list, Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ research and development expenses.
USDA’s Economic Research Service forecasts inflation-adjusted net cash farm income (NCFI) to increase by $19.8 billion (17.2%) from 2020 to $134.7 billion in 2021.
On the heels of a sharp two-month decline, the Agricultural Economy Barometer stabilized at a reading of 134 in July, just 3 points below a month earlier.
Growth rates remained solid in June, though growth moderated sequentially on much tougher comps for large ag, said Analyst with RW Baird Mircea “Mig” Dobre in a recent note.
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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.