Results of Kansas City Federal Bank’s most recent survey of farm lenders shows that interest rates on farm loans have continued to inch higher. At the same time, the first quarter 2018 Agricultural Finance Monitor published by the St. Louis Fed indicates that farm income slipped for the 17th consecutive quarter.
In this podcast, we look at how interest rate hikes might impact farmers' decisions on whether or not to buy equipment, an encouraging outlook for 2018 sales from rural lifestyle dealers, where no-till farmers plan to spend their money when it comes to equipment needs this year, and John Deere's latest earnings and updated 2018 forecast.
In today’s newscast, we look at how interest rate hikes might impact farmers' decisions on whether or not to buy equipment, an encouraging outlook for 2018 sales from rural lifestyle dealers, where no-till farmers plan to spend their money when it comes to equipment needs this year, and John Deere's latest earnings and updated 2018 forecast.
It’s not getting any easier for farmers to borrow funds for ongoing operations, let alone ag equipment. Farm lenders are taking a much closer look at crop producers’ loan status as concerns about repayment are starting to grow.
Loan volumes for almost all farming purposes rose at commercial banks, as many producers contended with tighter profit margins, according to the April 2015 edition of the Agricultural Finance Databook from the Federal Reserve Bank of Kansas City. Agricultural lending continued to grow in the first quarter of 2015, but the smallest percentage of overall loans were for farm machinery and equipment, which showed little or no increase vs. a year ago.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.