Declining income expectations helped to push farmer sentiment down again in September as the Purdue University-CME Group Ag Economy Barometer Index fell 12 points to 88.
Results of the December 2018 Purdue University/CME Group Ag Economy Barometer indicates that U.S. farmers aren’t sure making capital expenditures for their farms is a good idea just yet.
In 2017, the total wholesale volume of agricultural machinery in Brazil reached 42,800 units. This is 1.7% higher than in 2016. It is the first year of growth after 4 consecutive years of retraction, according to data from the country’s National Assn. of Automotor Vehicle Manufacturers (Anfavea).
Despite the recent good news on the rising prices for soybeans and corn, overall USDA is projecting the lowest U.S. agricultural trade balance in more than a decade in 2016.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.