Growing concern among farmers over international trade conflicts has made them more cautious in making large investments, such as buildings and farm machinery, according to the Ag Economy Barometer survey from Purdue University and CME Group.
As demand for commodities continues to recover, input cost inflation is expected to kick in as the year progresses, and some are suggesting that demand will continue unabated for the next 3-5 years.
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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.