Crop Progress: USDA Reports Planting Pace – Slower Than Expected
The latest crop progress data from the USDA showed both corn and soybean plantings moving slower than analysts anticipated.
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Ag
Ag Leaders Lobby to Strengthen Farm Bill Crop Insurance
Farm and commodity trade association leaders lobbied for updating commodity programs and strengthening crop insurance programs at a Tuesday hearing of the U.S. Senate Agriculture, Nutrition, and Forestry committee.
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The EU Backs Plan to Forcibly Shut Down Thousands of Farms
The European Commission approved two Dutch plans worth a combined 1.47 billion euros ($1.61 billion) to buy out livestock farmers to reduce nitrogen pollution.
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Farmer Sentiment Improves Amidst Farm Bill Discussion
Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline up 6 points to a reading of 123.
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Global Agriculture Equipment Market Sales Revenue to Surpass $519.44 Billion
The global Agriculture Equipment Market is expected to grow at a compound annual growth rate of 8.6% from 2023 to 2031.
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Farmer Sentiment Weakened Again in March
Farmer sentiment weakened again in March as the Purdue University/CME Group Ag Economy Barometer fell 8 points to a reading of 117.
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Biofuel and Farm Leaders Press White House For Action on E15
Biofuel and farm leaders called on President Biden to get ahead of rising fuel costs by authorizing sales of E15 this summer.
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Farm Equipment Sales Index Begins 2023 on Solid Note
As a result of strong farm financial conditions, the Farm equipment-sales index climbed to 61.4, its highest level since June of last year, and up from 60.4 in December. The index has risen above growth neutral for 24 of the last 26 months.
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Farmers React to New WOTUS Rule
Last Friday the EPA and Army Corps of Engineers announced a final rule establishing the definition of “Waters of the United States.” Many farm and ag groups have reacted to the news.
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Farm Income Jumps 14% to Record High
High commodity prices will propel U.S. net farm income to a record $160.5 billion this year, despite a steep climb in expenses, said the Agriculture Department. Farm income, a gauge of profitability, would be 14% higher than last year and twice as high as three years ago.
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High Input Costs and Rising Interest Rates Concern Farmers
Farmer sentiment was unchanged in November compared to October, with the Ag Economy Barometer Index remaining at 102.
Read moreBackers of Farmworker Visa Push Immigrant Labor Deal
Lawmakers, agriculture groups and farmworker organizations are pushing to pass an overhaul of the farmworker visa program through both chambers of Congress before the GOP takes control of the House next year.
Read moreSeed Treatment Stewardship Guide Available
The American Seed Trade Association (ASTA) and Crop Life America (CLA) have updated their Seed Treatment Stewardship Guide. The guide includes information about planting of treated seeds to minimize the amount of dust-off and implementation of an ISO planting equipment standard to better control dust emissions.
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Unverferth Mfg Announces Shell Rock Expansion
Unverferth Manufacturing Co. Inc. has announced its Shell Rock, Iowa facility has nearly completed a 75,000-square-foot plant expansion that will add 65 new job openings.
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Farmers Concerned Over High Interest Rates
Farmer sentiment weakened again in October as the Purdue/CME Group Ag Economy Barometer fell to a reading of 102, down 10 points compared to a month earlier.
Read moreHarvest Barge Traffic Slows Due to Low River Levels
Harvest progress is up, but river levels are down. South of St. Louis, parts of the Mississippi River are so low from weeks of drought that barge traffic is being limited.
Read moreAg Industry Considered National Security Interest
President Biden directed the Treasury-led committee that scrutinizes foreign investment in America to consider the national security impact any deals would have on U.S. technological leadership, including biotechnology and “elements of the agricultural industrial base that have implications for food security.”
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Farmers Look for Value, Specialization in Shortline Purchases
Farm Equipment’s second shortline farmer survey found growers continue to purchase shortline equipment based on price, special features and availability.
Read morePutin, Erdogan to Meet Over Ukraine Grain Deal
The Russian leader has criticized the agreement that allows exports from Odessa, partly brokered by Turkey, as helping the West at the expense of poorer nations.
Read moreFarmer Sentiment Improves Despite Rising Costs
Farmer sentiment improved in August as the Purdue-CME Group Ag Economy Barometer index rose 14 points above its July reading to 117.
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U.S. Panel Rejects Duties on Fertilizers from Russia, Trinidad and Tobago
In a victory for farmers and a loss for the domestic fertilizer industry, the U.S. International Trade Commission has voted against imposing import tariffs on urea ammonium nitrate from Russia and Trinidad and Tobago.
Read moreASABE Revises Standard for Farmstead Equipment Safety
ASABE REVISES STANDARD FOR FARMSTEAD EQUIPMENT SAFETY ST JOSEPH, MICHIGAN— The American Society of Agricultural and Biological Engineers (ASABE) has
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Ag Economy Barometer slides lower, producers concerned about war’s impact on input prices
Ag Economy Barometer slides lower, producers concerned about war’s impact on input prices. (Purdue/CME Group Ag Economy Barometer/James Mintert).Download Photo WEST
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AFBF Welcomes Supreme Court Decision to Hear Prop 12 Case
American Farm Bureau Federation (AFBF) President Zippy Duvall has commented on the U.S. Supreme Court decision to hear the case
Read moreUSDA Payments to Livestock Producers Impacted by Drought or Wildfire
New Emergency Livestock Relief benefits to be delivered through two-phased approach; compensation for 2021 forage losses WASHINGTON, March 31, 2022 –
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Railway Labor Dispute to Further Disrupt Fertilizer Supply
More than 1 million short tons of fertilizer cross the U.S.-Canada border by truck each year. March, April and May are peak months for fertilizer applications across the northern states.
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USDA Seeks ‘Made in America’ Fertilizer Solution
It seeks to fund efforts that reduce America’s dependence on imports for fertilizer components while rewarding innovation and sustainability.
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Survey Suggests Confidence Among Farmers, Rural Bankers
The March farm equipment-sales index showed growth for the 16th consecutive month. This has been the strongest string of monthly readings since spring 2011.
Read moreMembers of Four Dealer Associations Approve Merger
The dealership association landscape has shifted this week with the announcement of a new North American Equipment Dealers Association (NAEDA).
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Deere Responds to Right-to-Repair Suits, Farmers Continue Pressure
Deere shareholders asked executives during a recent meeting how the company plans to address these challenges.
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Farmers’ Moods Improve from January to February
More than 40 percent of producers in this month’s survey say that low farm machinery inventories are holding back their investment plans.
Read moreDealer News: Acquisition, Association Election
See dealer new from New York and the deep south.
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Barometer: Worried Farmers Focus on Input Costs
Fifty-seven percent of producers who responded said they expect farm input prices to rise by 20 percent or more in 2022; 34 percent said they expect prices to rise by 30 percent or more.
Read moreTractor/Combine Sales
Combine sales fell hard from January 2020 to this January. Big tractors continue to post double-digit sales growth.
Read moreDealer News
See the latest in acquisitions and expansions.
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Lawmakers File Right-to-Repair, Suits Continue
A bill filed in the U.S. would require all tools and equipment, wireless transmission of repair and diagnostic data, and access to on-board diagnostic systems needed for repairs be made available to the independent repair industry.
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Barometer: Worried Farmers Focus on Input Costs
Farmer sentiment weakened in January as the Purdue University/CME Group Ag Economy Barometer declined 6 points to 119, down from
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Staying Power on Equipment Sales Strong on Mainstreet
Bankers overwhelmingly named rising farm input prices as the top threat facing farmers in 2022.
Read moreDealer News
See news from Montana, Nebraska, Minnesota.
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Right-to-Repair Suits Continue
A cattle farmer in Alabama filed suit after he allegedly paid more than $600 for a repair that took fewer than three minutes to complete.
Read moreConflict in Ukraine Could Create Huge Corn Market
A grain market expert says global circumstances could lead to an all-time high for the corn market this summer.
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Rural Mainstreet: Longevity of Strong Equipment Sales Index Surpasses 2011
Farm equipment sales index readings over the past several months are the strongest string of monthly readings recorded since spring 2011.
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Deere Named in Class Action Lawsuit
John Deere is illegally monopolizing the U.S. tractor repair industry, according to a class action antitrust lawsuit filed in Chicago federal court last week.
Read moreDeere Says Driverless Tractors Ready for the Field
The significant new technology in this tractor is the addition of stereo cameras that scan in all directions, combined with cloud-based machine learning and artificial intelligence to understand what the cameras are seeing.
Read moreTractor/Combine Sales
Sales of 4WD tractors in Canada and the U.S. dropped dramatically compared to sales in December 2020. Combine sales in the U.S. continue to post big numbers.
Read moreBerlon Industries Acquires Lowe Manufacturing
Berlon Industries, of Hustisford, Wis., has acquired Lowe Manufacturing, a Viola, Wis.-based supplier of auger, trenching and grapple attachments that complement Berlon’s line of buckets and attachments for skid steers and other machines. The deal closed the first week of January 2022.
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Low Inventories Influence Plans to Buy Farm Equipment
Nearly four out of 10 farmers who responded to the survey expect input prices to rise by more than 30 percent in the upcoming year.
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Farm Equipment Sales Index Hits 10-Year High
While the indices show economic growth, bankers warned that inflation and rising costs of input and land could hinder rural economies.
Read moreDealer News
See the latest in acquisitions among dealers in the eastern U.S.
Read moreTractor/Combine Sales
Strong sales continue to the 100-plus horsepower tractor category in both Canada and the U.S. Sales of four-wheel drive tractors declined.
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