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AEI Newsmakers: Mar. 2023

March 15, 2023 | Posted in Dealers & Dealerships

Kubota to Explore Right to Repair MOU with Farm Bureau
Caterpillar & UAW Reach Tentative Labor Agreement
John Deere Sells Russian Financial Branch
CNHI Acquires Augmenta, Majority Stake in Bennamann
John Deere Targets Laid Off Tech Employees
Tractor Registrations Up in Germany, Down in UK in February

Farm Bankruptcies Rose 20% in 2019

February 10, 2020 | Posted in Data & Trends

According to a report from the Farm Bureau, Chapter 12 family farm bankruptcies in 2019 increased by nearly 20% from the previous year, according to recently released data from the U.S. Courts. Compared with figures from over the last decade, the 20% increase trails only 2010, the year following the Great Recession, when Chapter 12 bankruptcies rose 33%.

U.S. Farm Bankruptcies Rise 24% in 2019

November 17, 2019 | Posted in Data & Trends

Source: American Farm Bureau Federation

USDA currently projects farm income in 2019 to reach $88 billion – the highest net farm income since 2014’s $92 billion but still 29% below 2013’s record high.

USDA Reports Corn Acres Planted Up 3% Year-Over-Year; Soybean Acres Planted Down 10%

July 5, 2019 | Posted in Data & Trends

Source: American Farm Bureau Federation

Following a famously difficult planting season in the U.S., the USDA June Acreage Report showed a surprising increase in corn acres planted year-over-year, up 3% compared to June 2018.

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Dairy Segment Provides Bright Spot in Current Ag Market

Deere Confident on ‘Producing to Demand’ in Fiscal Year 2025

Art’s Way Reports 3Q Ag Sales Drop 46%, Parts Ways with CEO

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Deere Production Could be Down 10-15% Next Year

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.

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