All equipment retail sales exceeded monthly expectations or were nearly flat in the month of April. Higher horsepower tractors were the only exception, being 9.5% below the monthly forecast.
“The 2019 farm economy is going to be influenced by several ongoing issues. Those include the global trade war; strong U.S. and world economies; favorable 2018 weather with record crop yields; and a new farm bill covering the 2019 to 2023 crops,” says Chris Hurt, professor of agricultural economics and editor of the Purdue Agricultural Economics Report: 2019 Agricultural Outlook.
This table shows the average prices received for the major farm commodities over the past decade. It was compiled as reference for Ag Equipment Intelligence subscribers.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.