The Agriculture Improvement Act of 2018 (2018 Farm Act) was signed into law Dec. 20, 2018, and will remain in force through the end of fiscal year 2023, although some provisions extend beyond 2023.
ERS’s current farm income forecast for 2014 includes $4.4 billion in Livestock Forage Disaster Program (LFP) payments, an over 700% increase from total LFP payments made during the previous 5 years combined.
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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.