Nearly two-thirds of farm equipment dealers surveyed in early February expect higher interest rates on retail equipment will cause their farm customers to think twice before deciding to buy new equipment in 2018.
In this podcast, we look into AGCO’s announcement that it’s acquiring Precision Planting from The Climate Corp., the Challenger branded equipment will no longer be sold in Europe and the Middle East, John Deere Financial is now the No. 5 ag lender, and CNH Industrial and AGCO’s second quarter earnings.
In today’s newscast, we look into AGCO’s announcement that it’s acquiring Precision Planting from The Climate Corp., the Challenger branded equipment will no longer be sold in Europe and the Middle East, John Deere Financial is now the No. 5 ag lender, and CNH Industrial and AGCO’s second quarter earnings.
Agricultural lenders are keeping a close eye on farmer finances, which includes trends in farmland values. Federal Reserve Banks throughout Mid-America are reporting that land values generally trended downward in the second quarter of 2016.
In its second-quarter survey of lenders the St. Louis Federal Reserve Bank (7th District) asked the ag lenders to assess the overall change in the financial condition of their ag borrowers (farmers and/or ranchers) compared with the prior year, based on 5 categories ranging from significant deterioration to significant improvement.
On average, lenders in the Eighth Federal Reserve District reported that 55% of the value of recent farmland transactions was financed with new debt, 30% supported by a pledge of existing equity and 15% paid in cash, according to latest Agricultural Finance Monitor published by the Federal Reserve Bank of St. Louis on Feb. 12.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.