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China’s $40 Billion in Ag Purchases: Will It Happen?

December 30, 2019 | Posted in Ag Equipment Business

Source: Reuters

According to a recent report from Reuters, China’s top agriculture consultancy forecasts China will follow through on its promise to purchase more than $40 billion per year of U.S. agricultural products. Others, however, remain skeptical about the estimates.

Trade Wars vs. Weather: Which Impacted Ag Equipment Sales More in 2019?

December 18, 2019 | Posted in Data & Trends

More ag equipment dealers believe the cold, wet weather that resulted in later than normal planting season, or prevented planting altogether, had a bigger impact on their business this year than did the ongoing trade wars. But both clearly impacted ag machinery sales in the past year in the eyes of the dealers.

U.S., China Announce ‘Phase One’ Trade Agreement

December 13, 2019 | Posted in Ag Equipment Business

Beijing has agreed to buy $32 billion in additional agricultural goods over the next two years, U.S. officials said, from a baseline of $24 billion purchased in 2017.

China Suspends Tariffs on U.S. Soybeans & Pork

September 16, 2019 | Posted in Commodities

Following President Trump’s decision to postpone a tariff hike on Chinese imports from Oct. 1 to Oct. 15, China announced it will suspend punitive tariff hikes on U.S. soybeans and pork.

On the Record

Could 2020 Be the Year the Ag Equipment Market Bounces Back?

By Kim Schmidt posted on June 28, 2019

The latest episode of On the Record is now available! In this week’s program we discuss how the wet weather and late planting could be setting the stage for improved corn prices and farm equipment sales. Also in this episode: more action in the “Right to Repair” fight, how trade concerns are impacting Canadian equipment sales, and a California law that is creating headaches for dealers.

Trade War to Cost Alfalfa Producers $377M

October 12, 2018 | Posted in Commodities

China buys about 1.2 million metric tons of U.S. hay per year. It’s the number one export market for alfalfa hay and is second to only Japan for U.S. hay. The demand for hay mostly comes from dairies in China. The summer months are often down for trade as China is able to produce their own hay, but they rely on the U.S. in the fall and winter.

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Items Tagged with 'trade war'

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