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June Equipment Financing Volume Up 33% Year-Over-Year

July 27, 2020 | Posted in Data & Trends

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for June was $8.9 billion, down 10% year-over-year from new business volume in June 2019.

biodiesel producers and consumers by state

Iowa Leads in Biodiesel Production, Texas in Consumption

July 24, 2020 | Posted in Alternative Power Sources, Data & Trends

The U.S. Energy Information Administration (EIA) recently released new biodiesel estimates in the State Energy Data System (SEDS), EIA’s comprehensive source for annual state energy statistics.

U.S. Ag Exports to China Projected to Total $13 Billion in FY20

July 21, 2020 | Posted in Data & Trends

U.S. agricultural exports to China are projected to total $13 billion in fiscal year (FY) 2020, up from $10.1 billion in fiscal year 2019. This rise in expected exports is primarily due to growth in Chinese purchases of U.S. soybeans and pork with expected additional purchases of sorghum and cotton also playing a role.

Pace of Ag Lending Slowed in the Second Quarter; PPP Supplemented Farm Financing

July 20, 2020 | Posted in Data & Trends

Farm lending slowed alongside the initial effects of the pandemic and a more pessimistic outlook for agricultural economic conditions. The volume of total non-real estate farm loans continued into a yearlong trend of declines during the second quarter of 2020.

July 2020 Beige Book: Agricultural Financial Conditions Remain Weak

July 16, 2020 | Posted in Data & Trends

According to the latest Federal Beige Book, agricultural conditions remain poor, as do agricultural financial conditions.

Rural Broadband Access Remains Crucial for U.S. Agriculture

July 15, 2020 | Posted in Data & Trends

According to a June update from the American Broadband Initiative, the past year has seen several steps taken to promote rural broadband access in the U.S. However, there is much left to be done until rural America has reliable, consistent access to broadband technology.

Planting Equipment, Precision Tools Prioritized by Strip-Tillers

July 15, 2020 | Posted in Data & Trends

Results of the 7th Annual Strip-Till Operational Practices Benchmark study, evaluating 2019 cropping practices, saw some subtle and more significant shifts in strip-till practices. Average strip-tilled corn yields topped 200 bushels per acre for the third straight year, while soybean yields remained north of 60 bushels per acre.

80% of EU Ag Equipment Dealers Impacted by COVID-19; 70% Expect Significant Drop in Sales

July 14, 2020 | Posted in Data & Trends

Results of a recent survey by CLIMMAR on the COVID-19 situation among European farm equipment dealers, show that 80% of the participants have been affected to some degree. The biggest impact has been on the sales of new machinery.

European Dealer Sentiment Close to Pre-COVID Levels

July 13, 2020 | Posted in Data & Trends

The general Business Climate Index for the Agricultural Machinery Industry in Europe has continued to improve strongly, almost approaching the pre-COVID-19 level, which however was already negative. Now, in July 2020, the index is at -20 points (on a scale of -100 to +100).

Farmers Less Pessimistic About Their Farms’ Financial Performance

July 9, 2020 | Posted in Data & Trends

According to the June Purdue University-CME Group Ag Economy Barometer, farmers were less pessimistic about their farms’ financial performance in June than they were in April and May of this year, but they were noticeably more negative than in early spring 2019.

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Data & Trends
RSS

June Equipment Financing Volume Up 33% Year-Over-Year

Iowa Leads in Biodiesel Production, Texas in Consumption

U.S. Ag Exports to China Projected to Total $13 Billion in FY20

Pace of Ag Lending Slowed in the Second Quarter; PPP Supplemented Farm Financing

July 2020 Beige Book: Agricultural Financial Conditions Remain Weak

Rural Broadband Access Remains Crucial for U.S. Agriculture

Planting Equipment, Precision Tools Prioritized by Strip-Tillers

80% of EU Ag Equipment Dealers Impacted by COVID-19; 70% Expect Significant Drop in Sales

European Dealer Sentiment Close to Pre-COVID Levels

Farmers Less Pessimistic About Their Farms’ Financial Performance

Get all things Ag Equipment Intelligence all the time!

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Claas Doubles Business in 5 Years, as Predicted

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

Aftermarket Marks Bright Spot for Dealers in 2025 Forecast

Must Read Free Eguides

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

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