Discussion Continues on New Standard for Braking
Much of the equipment our members manufacturer is built to safely and effectively move through farm fields while maintaining the capability of being transported as a “slow moving vehicle” (SMV) on public roadways without the need for additional braking systems required. >>>
Look Who's Talking: Latest Additions to the Speakers’ Roster
Details continue to take shape for the 2016 Marketing & Distribution Convention. We’re thrilled to say a bit more about what you’ll hear in San Diego and from whom you will hear it.
Statistics Suggest Growth in Labor Force Participation
The number of Americans in the labor force improved slightly in July, says the DOL’s Bureau of Labor Statistics (BLS).
The bureau reported in June that about 94.5 million people were not in the labor force. In July, the number dropped to 94.3 million. That means about 200,000 more Americans participated in the workforce, about a tenth of a percentage point increase to 62.8 percent participation. >>>
DealerNews: Western Equipment Buys Ray Lee
Ray Lee Equipment, a Deere dealership with six locations in Texas and New Mexico, is being acquired by Western Equipment of Clinton, Oklahoma. The change in ownership is effective Nov. 1. >>>
Steps to Take to Protect Your Financial Information
In the last issue of Shortliner, we told you what security measures to look for in a bank. In this issue, we share more suggestions from malwarebytes.com. The online security company offers these precautions for understanding what’s normal communication from your bank, what’s suspicious, and what you can do to ward off attacks >>>
Is Steel's Big Comeback Running Out of Steam?
While many steelmakers surprised analysts with better profits, and the stocks enjoyed the best rally in years, the industry’s biggest problem hasn’t been solved. China still exports at a record rate, and there are hundreds of millions of tons of surplus capacity around the world still undercutting prices. >>>
Brazil Considers Importing U.S. Corn
Brazil’s Ministry of Agriculture, desperate to open new feed supplies for the livestock industry, is asking the country’s biotech regulatory agency to temporarily lift restrictions on corn imports from the U.S., according to USDA’s Foreign Agriculture Service. >>>
Your Convention To-Do List
Register by 9-11 and Save Over $100 >>>
Official Notice: Annual Meeting, Election of Officers
The Annual Business Meeting of the Farm Equipment Manufacturers Association is 9:30 a.m. Tuesday, November 1, 2016. The brief meeting is held as part of the Marketing & Distribution Convention at Sheraton Hotel & Marina in San Diego. >>>
Opioid Death Rate Higher in Rural Communities
About three out of four of all U.S. deaths caused by prescription drugs in 2014 were from opioid painkillers. Rural counties saw an average increase in prescription drug deaths of about 9 percent a year from 1999 to 201 >>>
Cropland Prices Dip Slightly
Average cropland value in the U.S. dropped 1 percent in 2016, the first drop since 2009, according to USDA’s National Agricultural Statistics Service. Average cropland value per acre stood at a high of $4,130 in 2015 and dipped to $4,090 this year.
Survey: Election Angst Hurts Economy
For the first time in this election cycle, most economists surveyed by the Wall Street Journal believe uncertainty from the coming election is crimping economic activity.
Proposed Tax Regulations Affect Family-Controlled Entities
Long-awaited proposed regulations under section 2704 of the Internal Revenue Code have been released.
They represent significant changes to the valuation of interests in many family-controlled entities for estate, gift, and generation-skipping transfer tax purposes. >>>
ASABE Approves Rotary, Flail Mower Standards
ASABE adopts four standards that address the safety and testing of rotary disk, drum and flail mowers.
Three of the documents are international standards, adoption of which "further harmonizes national and international standardization". >>>
USDA's Production Estimates Hint at Record Yields
Production numbers for corn, soybeans, cotton, and winter wheat all point upward, according to news last week from the USDA’s National Agricultural Statistics Service. >>>
DealerNews: Rocky Reports Q2 Results
Rocky Mountain Dealerships Inc. recently reported its financial results for the quarter ended June 30. Total revenues increased by 9 percent. >>>
Dealer News: Q2 for Cervus
In its recent quarterly financial report, Cervus Equipment Corp. announced it generated $2.5 million in net income for the second quarter this year compared to a $32.2 million loss for the comparable period in 2015.
Companies Release Quarterly, Six-Month Financials
There’s a shared sentiment among executives whose companies recently released financial statements: The market is down, but we see indications that better days are on the way.
Presidential Candidates on Jobs, Income
Elections tend to be decided on economic issues, and the Wall Street Journal in July ran an analysis of the presidential candidates’ positions on several key economic issues. The Shortliner shared the candidates’ tax plans in the last issue. This week, we focus on jobs and income. >>>
Tractor & Combine Sales Report
Highlights from the Association of Equipment Manufacturers’ Ag Flash Reports. For complete data, go to FarmEquip.org/flash. >>>