According to USDA’s Economic Research Service’s agricultural trade projections, U.S. ag exports are projected to total $141.5 billion in fiscal year (FY) 2019, while ag imports are expected to total $127 billion. This would indicate a trade surplus of $14.5 billion.
The fall off in worldwide farm machinery sales has shown up in the export of U.S.-made ag equipment, according to a June 5 report from the Assn. of Equipment Manufacturers.
While the unpredictability of commodity prices in the past year have given some cause for concern, the fact remains U.S. agricultural fundamentals continue to support the long-term health of the industry.
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.
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.