Compact tractors and 40-99 horsepower tractors sales exceeded expectations in May, while 100+ horsepower tractors, 4WD tractors and combine sales were below expectations.
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.
Sales for under 40 horsepower tractors, 40-99 horsepower tractors and combines were below year-to-date forecasts, while 100+ horsepower tractors and 4WD tractors exceeded forecasts.
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.
The MFP is designed to aid producers dealing with the price impacts of trade disputes. It is not targeted at providing relief from wet spring weather, delayed planting, and prevent planting. As a result, payments will not necessarily be correlated with delayed and prevent planting.
The number of bankers reporting third quarter declines was larger than 3 months ago and they expect farm income and expenditures to decline again in the fourth quarter.
The U.S. corn crop, at 91% emerged, is off to a start that remains behind last year’s crop (97%) and the average pace over the last five years (96%), according to the June 13 report coming from the USDA.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.