Data & Trends

March Beige Book: Mixed Conditions, Worries Over Coronavirus

The March 2020 Beige Book, released by the Federal Reserve System, included conditions impacting agriculture throughout the country. In this edition, mixed conditions were reported across the districts, including falling corn and soybean prices, decreased capital spending and worries about the potential impact of the coronavirus outbreak.
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V2

No-Till Farmers’ Equipment Purchasing Plans Up Slightly in 2020

Last year was challenging for nearly all U.S. farmers and no-till growers were no exception. Nonetheless, nearly 81% of no-tillers reported that they were profitable during the 2019 cropping year. This is according to the results of the 12th annual No-Till Operational Benchmark Study from No-Till Farmer, a sister publication of Ag Equipment Intelligence. This percentage is the highest since 2014 when an identical 81% of no-till farmers reported they were profitable. The good news for farm equipment dealers and manufacturers is, overall, a larger percentage of the approximately 650 no-till growers who responded to this year’s survey say they’ll increase their equipment purchases — slightly in the year ahead. In the current ag environment, any increase in capital expenditures is good news. Number one of the no-tillers’ list of equipment purchase for 2020 is planters.
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MLFI 25 Jan 2020

Monthly Leasing and Finance Index Rises 28% in January

The Equipment Leasing and Finance Assn.’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for January was $9.2 billion, up 28% year-over-year from new business volume in January 2019.
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Farm Bankruptcies Rose 20% in 2019

According to a report from the Farm Bureau, Chapter 12 family farm bankruptcies in 2019 increased by nearly 20% from the previous year, according to recently released data from the U.S. Courts. Compared with figures from over the last decade, the 20% increase trails only 2010, the year following the Great Recession, when Chapter 12 bankruptcies rose 33%.
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Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.

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