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Farm Sector Income Forecast for 2020 Nears Average from 2000-18

February 10, 2020 | Posted in Data & Trends

U.S. net cash farm income (gross cash income less cash expenses) when adjusted for inflation is forecast to decrease $13.1 billion (10.7%) to $109.6 billion in 2020.

Farmer Sentiment Rises in January

February 4, 2020 | Posted in Data & Trends

Source: Purdue University, CME Group

The Ag Economy Barometer rose to a reading of 167 in January, a 17-point jump from December when the index stood at 150. Virtually all of the rise in this month’s barometer was attributable to a sharp rise in optimism about future conditions in agriculture.

Dealers Reporting Used Equipment Inventories ‘Too High’ Reaches 7 Year Low

January 31, 2020 | Posted in Data & Trends

According to Ag Equipment Intelligence’s January 2020 Dealer Sentiment & Business Conditions Update report, the percentage of dealers reporting their used equipment inventories as “too high” has reached its lowest level since spring of 2012.

ELFF Releases Ag Equipment Market Outlook Report

January 29, 2020 | Posted in Data & Trends

Continued adoption and integration of new technologies to improve crop yields and meet the soaring demand for food are expected to be key influencers for growth in the agriculture market, according to a new study, Vertical Market Outlook Series: Agriculture Equipment released by the Equipment Leasing & Finance Foundation.

Monthly Leasing and Finance Index Rises 2% in December

January 28, 2020 | Posted in Data & Trends

Source: Equipment Leasing & Finance Assn.

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 December was $12.9 billion, up 2% year-over-year from new business volume in December 2018.

Equipment Leasing and Finance Industry Confidence Rises in January

January 28, 2020 | Posted in Ag Equipment Business, Data & Trends

Source: Equipment Leasing & Finance Foundation

The Equipment Leasing & Finance Foundation has released the January 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market rose for the third consecutive month to 59.9, an increase from the December index of 56.2.

Kansas City Fed: Farm Lending Remains Elevated, But Loan Volume Declines in 4Q19

January 24, 2020 | Posted in Data & Trends

The volume of agricultural lending at commercial banks remained elevated but declined for a second consecutive quarter, according to the Federal Reserve Bank of Kansas City’s latest Ag Finance Databook report. Total non-real estate farm loans decreased about 12% in the fourth quarter and declined over consecutive quarters for the first time since early 2017.

ELFF Estimates Ag Machinery Investment to Rise in First Half 2020

January 23, 2020 | Posted in Data & Trends

Source: Equipment Leasing & Finance Foundation

A recent report from the Equipment Leasing & Finance Foundation estimates that investment in ag machinery will increase over the next 3-6 months, after being up at an annualized rate by 2% in 3Q19.

January Beige Book: Low Commodity Prices, USMCA Signing Create Mixed Ag Conditions

January 21, 2020 | Posted in Data & Trends

The January 2020 Beige Book, released by the Federal Reserve System, included conditions impacting agriculture throughout the country. In this edition, it was noted that agricultural conditions were mixed across the districts, impacted by low commodity prices, trade conflicts, drought and the signing of the USMCA.

Dealers Forecast Solid Small Equipment Sales Gains in 2020, Down Slightly from 2019

January 15, 2020 | Posted in Data & Trends

Dealer optimism in the rural lifestyle equipment segment remained healthy but dipped slightly from last year’s outlook. About 85% of surveyed dealers who focus on rural lifestyle equipment expect revenue in 2020 to be as good or better than revenue in 2019, down slightly from the 88% reported in last year’s survey.

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Data & Trends
RSS

Farm Sector Income Forecast for 2020 Nears Average from 2000-18

Farmer Sentiment Rises in January

Dealers Reporting Used Equipment Inventories ‘Too High’ Reaches 7 Year Low

ELFF Releases Ag Equipment Market Outlook Report

Monthly Leasing and Finance Index Rises 2% in December

Equipment Leasing and Finance Industry Confidence Rises in January

Kansas City Fed: Farm Lending Remains Elevated, But Loan Volume Declines in 4Q19

ELFF Estimates Ag Machinery Investment to Rise in First Half 2020

January Beige Book: Low Commodity Prices, USMCA Signing Create Mixed Ag Conditions

Dealers Forecast Solid Small Equipment Sales Gains in 2020, Down Slightly from 2019

Get all things Ag Equipment Intelligence all the time!

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Ag Equipment Intelligence

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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