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.
Using machine fleet size and age data from the 2017 Census of Agriculture, analysts at Stifel, an investment banking firm headquartered in St. Louis, developed implied mid-cycle demand levels and compared them to current dealer sales data from the Assn. of Equipment Manufacturers.
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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.