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Quantifying the Economic Benefits of On-Farm Digital Technologies

March 6, 2020 | Posted in Technology

Precision agriculture has become mainstream in commercial agriculture production, and many would agree that it is “the way we farm today.” Utilization of technology varies from farmer to farmer, but the decision to invest in technology is commonly tied to the potential for increased efficiency and profitability.

Age of U.S. Farmers: Is the Wrong Issue Being Addressed?

February 28, 2020 | Posted in Analysis & Commentary

Source: Farmdoc Daily

The older age of U.S. farmers remains a topic of interest (Kurtzleben; Stone). This article thus revisits the farmdoc daily article of Oct. 23, 2013, updating it with 2017 Census of Agriculture data. It is also a condensed, more focused version of a forthcoming article in the Handbook of Rural Aging. A key point is that U.S. policy should focus more on helping older farmers remain active, high performers.

2019 vs. 2017 Machinery Per-Acre Costs Increased 7-9%

August 19, 2019 | Posted in Data & Trends

Between 2017 and 2019, most machinery per-acre costs increased by 7-9%, according to an Aug. 6, 2019 report from the University of Illinois Department of Agricultural and Consumer Economics (Machinery Cost Estimates for 2019).

Little Change Seen in Illinois Farmland Values, Lease Rates

March 27, 2019 | Posted in Data & Trends

Farmland values and rents in Illinois are holding steady across most of the state according to the 2019 Farmland Values and Lease Trends Report released by the Illinois Society of Professional Farm Managers and Rural Appraisers.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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