In today’s newscast, we discuss some of the results of the 2017 Cost of Doing Business Study, an increase in demand for ag lending, creating a more flexible precision farming service team and a comparison of U.S. and Canadian dealer outlooks for the year ahead.
Reporting on the results of its second quarter Ag Credit Survey, economists from the Federal Reserve Bank of Kansas City suggest that, while still soft, the farm economy in the Fed’s Tenth District, is showing signs of stabilization.
In its second-quarter survey of lenders the St. Louis Federal Reserve Bank (7th District) asked the ag lenders to assess the overall change in the financial condition of their ag borrowers (farmers and/or ranchers) compared with the prior year, based on 5 categories ranging from significant deterioration to significant improvement.
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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.