U.S. agricultural producers became more optimistic again in September as the Purdue University-CME Group Ag Economy Barometer climbed to 156, the highest reading for the index since the pandemic began last winter and 12 points higher than one-month earlier.
Agricultural credit conditions in the Kansas City Fed’s Tenth District deteriorated at a slightly faster pace at the onset of developments related to COVID-19. The survey for the first quarter of 2020, distributed in mid-March, indicated a larger decline in farm income and loan repayment rates than in recent quarters.
North Dakota State University Extension has released its 2020 short and long term agricultural planning price projections for North Dakota, says Ron Haugen, NDSU Extension farm economist.
2019 continues to unfold as a good year for the smaller horsepower tractors and equipment which are driven by the U.S. general economy, and a weak year for production agricultural equipment sales as net farm income continues to decline.
The ag equipment industry has been looking for any bit of good news it can find lately and it seems that June and July’s poor growing weather may have provided just that — at least temporarily.
The projected record harvest of corn and soybeans isn’t only putting a damper on crop prices, but it’s also putting a crimp in the railroads’ efforts to get it shipped in a timely manner.
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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.