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U.S. Corn, Soybean & Wheat Production vs. Farm Diesel Consumption

February 21, 2023 | Posted in Commodities, Data & Trends

Corn, soybean and wheat production has increased 50% since 1990 while farm diesel use remained essentially unchanged due to advances in equipment and powertrain technology.

October WASDE Report Forecasts Higher Corn, Soybean Production for 2022

October 15, 2021 | Posted in Commodities

According to USDA’s October World Agricultural Supply-Demand report (WASDE), both corn and soybean forecasts have been raised for 2022.

USDA Expects Whole Soybean Exports to Rise

June 1, 2018 | Posted in Commodities, Data & Trends

According to the Economic Research Service of USDA May 2018 Oil Crops Outlook report, in the 2018-19 marketing year (Sept.–Aug.), total U.S. exports of soybeans (whole, meal and oil) are expected to increase by over 8% provided normal trade relations with other countries.

Large Ag Sales ‘Flattish’ in March

April 1, 2018 | Posted in Data & Trends

North American large ag equipment sales were relatively flat year-over-year in March. Row-crop tractor sales saw growth in both the U.S. and Canada, while 4WD and combine sales saw declines, according to the latest numbers released by the Assn. of Equipment Manufacturers.

Ag Tariffs Not ‘Welcome News’ for U.S. Farmers or Ag Equipment Segment

April 1, 2018 | Posted in Commodities, Mergers & Acquisitions

If China enacts their announced tariffs on U.S. ag products, farm equipment dealers and manufacturers will feel it just as acutely. Already jittery about making capital investments, putting the proposed tariffs into effect, farmers could easily decide to put off replacing that tractor for another year.

Equipment Sales Competing with Rising Crop Production Costs

July 1, 2014 | Posted in Commodities

Along with other variables, equipment dealers also compete with rising production costs for farmers’ dollars.

WASDE Bearish for Ag Equipment Sales

November 1, 2013 | Posted in Commodities, Data & Trends

USDA increased its estimates of corn and soybean yields and wheat production in its Nov. 8 World Agricultural Supply and Demand Estimates report, which most analysts agree was another bearish sign for farm machinery sales in the year ahead.

WASDE Update Doesn’t Change Analyst’s View for 2014

September 1, 2013 | Posted in Commodities, Data & Trends

USDA raised its estimates of corn and wheat ending stocks, but cut its soybean forecast with its September 12 World Agricultural Supply Demand Estimates report.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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