While no one is quite sure how big an impact the recent rise in soybean and corn prices will have on farm equipment sales, for the moment, things don’t appear to be getting any worse.
Headwinds created by lower commodity prices and a strong U.S. dollar continued to challenge ag equipment manufacturers through the first half of this year.
The impact of the rapid escalation of wheat prices on the sale of farm machinery will not be felt in 2010, according to Robert McCarthy, machinery analyst for RW Baird.
During a conference call with JP Morgan investors on April 14, Richard Guse, a corn and soybean farmer from Waseca, Minn., said, given current profitability, he expects to continue to roll his equipment annually unless corn falls below $3 a bushel.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.