USDA estimates the value of farm real estate assets (land and its attachments) will account for 82.7% of total 2019 farm sector assets. This represents farmers’ most significant collateral when seeking loans for their operations and capital expenditures, such as ag equipment. In total, the value of farm real estate assets is currently estimated to be nearly $2.6 trillion.
As the Federal Reserve backs away from its policy of quantitative easing that it has employed during the last several years in an attempt to jumpstart the U.S. economy, it's expected to push up interest rates for borrowing.
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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.