Data & Trends

CEMA March 2021

European Ag Equipment Sentiment Reaches Record High

The general Business Climate Index for the Agricultural Machinery Industry in Europe has risen to a record high after having reached the positive range in October for the first time since mid-2019. In March 2021, the index is at +60 points (on a scale of -100 to +100).
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No-Till Farmers Plan to Reduce Equipment Spending in 2021

While 2020 will be remembered for its many dramas — including a global pandemic, a historic derecho, uncertainties in the commodities markets and a highly contested presidential election — no-tillers actually seem to have fared relatively well. 


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4Q20 real gdp

Real GDP Increases 4.1% in 4Q20

Real gross domestic product (GDP) increased at an annual rate of 4.1% in the fourth quarter of 2020, according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 33.4%.
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KC Fed: Farm Economy Rebounds Sharply

Prospects for farm income and agricultural credit conditions rebounded sharply in the fourth quarter of 2020. The average price of corn, soybeans and wheat increased more than 20% from the previous quarter, and reached six year highs in December.
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Minneapolis Fed Reports Farm Income Up in 4Q20

Coming on the heels of a mild upturn in the third quarter of 2020, farmers and ranchers in the Ninth District saw dramatic improvement in the final three months to close out the year, according to the latest survey of agricultural lenders from the Federal Reserve Bank of Minneapolis.
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Dealers Report Used Equipment Prices on the Rise

Dealers report used equipment pricing improved during the fourth quarter of 2020. Results from Stifel’s fourth quarter dealer survey show used combine pricing improved 1.8% year-over-year on a weighted average basis in the fourth quarter of 2020. 


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