Rural Mainstreet: Outlook Soars to Highest in Decade
The February farm equipment-sales index rose to 62.7, its highest reading since February 2013 and up from 54.5 in January.
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Ag
Tractor/Combine Sales
Tractor sales in Canada increased by 39 percent in January compared to the same month last year. Sales in that same category in the U.S. increased by 24.7 percent.
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Texas Farmers, Ranchers, Reel from Winter Blast
Early estimates put crop losses at $300 million. Said one expert: “Peach trees that had started budding, those buds are going to be toast at 15 degrees.”
Read moreSenate Confirms Vilsack as New USDA Chief
USDA’s priorities under Vilsack will include establishing a “new era for equity and fairness” as well as helping end the COVID-19 pandemic and addressing climate change.
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Tractor Supply to Acquire Orscheln Farm and Home – 167 Stores in Midwest
February 17, 2021 07:00 AM Eastern Standard Time BRENTWOOD, Tenn.–(BUSINESS WIRE)–Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer
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Shipping Carriers Reject Tons of Ag Exports
Shipping carriers rejected U.S. agricultural export containers worth hundreds of millions of dollars during October and November. The Federal Maritime Commission is investigating whether carriers violated the Shipping Act.
Read moreDeere Pulls Out of Agritechnica
The tractor maker said the “future remains uncertain,” citing mutations of the coronavirus and the slow progress of vaccination.
Read moreBill Gates Owns Most Farmland in U.S.
Bill and Melinda Gates own 242,000 acres of farmland in the U.S. in more than a dozen states.
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Shrinking Grain Supplies Send Prices Skyward
Dry weather and an uptick in demand from China has influenced the supply-and-demand scenario on grains.
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Farm Equipment Sales Index Highest Since 2003
After 86 months below growth neutral, the farm equipment sales index bounced into growth territory in December in the Rural Mainstreet Index.
Read moreYear Begins with Changes in Distribution Landscape
The new year arrived with news about mergers and acquisitions in the farm equipment marketplace.
Read moreSouthern Farm Show Cancels
“The idea of a show where everyone is behind a mask, show guests would be required to travel one way through the show to encourage social distancing, and good friends would not be allowed to shake hands, did not appeal to anyone,” the show manager said. “But mainly, our concern was for everyone’s health.”
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Pandemic Likely to Speed Up Rural Internet Investment
“That glaring gap of where you were able to access the technology really hit home,” said a rural internet advocate. “When I talk to members of Congress, they would say it is the first thing that comes up in a townhall.”
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Farm Equipment Sales Index Highest Since June 2013
After 86 straight months of readings below growth neutral, farm equipment bounced into growth territory for the month.
Read moreTractor/Combine Sales
November numbers show gains in every category in the U.S. and all but two categories in Canada.
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Ag Media Legend Samuelson to Retire
He won more awards than he can count. Among his most cherished is an honorary doctorate degree from the University of Illinois. That’s because he’d dropped out as an undergraduate at the University of Wisconsin after three months.
Read moreLa Niña: ‘Supply Side Wild Card’ for Ag
The natural weather phenomenon known as the cool sister of the higher-profile El Niño is shaking up agriculture for 2021.
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Avocado Consumption ‘Off the Charts’ During COVID
Anaylsts predict that post-pandemic indulgences will be foods like avocadoes, hence record consumption will continue.
Read moreAg Expo: ‘Farmers Haven’t Stopped, Neither Will We’
The virtual show will kick off a year-long approach to providing opportunity for exhibitors and content for farmers.
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Farmers Pull Back Slightly on Plans to Buy Equipment
While farmers remained relatively optimistic about making large capital investments in their operations soon, the survey revealed shifts upward among groups intending to hang onto their equipment a bit longer or reduce purchases.
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Farm Equipment Index Hits Highest Mark Since 2013
The November farm equipment sales index increased to its highest level since December 2013, reflecting improvements in commodity prices, support from the federal government, and historically low interest rates.
Read moreDealer News: Earnings, Acquisitions
Titan saw an overall gain in its ag sales division in the third quarter. A group of dealer associations canceled their joint annual meeting. Acquisitions continue.
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How Did Candidates Influential to Ag Fare?
Fifteen-term incumbent Rep. Collin Peterson (D-Minn.) did not prevail in his race last week, which means the House Ag Committee will no longer be represented by someone hailing from one of the more agriculturally-focused districts in the country.
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Farmers’ Willingness to Invest in Capital Hits Record
Fewer farmers report a reluctance to spend on equipment and more report a likelihood that they will.
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Ag Economist Flinchbaugh Dies
A farmer once said to Flinchbaugh: “I do not agree with a damn thing you said, but the next time you are in town making a speech, I will be here.”
Read moreSales Rise by 9 Percent at Rocky Mountain
Total equipment inventory fell by 29.5 percent in the first nine months of 2020.
Read moreDealer News: Papé Buys Washington Tractor
Papé Machinery’s Agriculture and Turf division will now have 35 locations on the West Coast.
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COVID Claims Commodity Classic
A virtual event is being planned for the first week in March.
Read moreTrimble Reports Q3 Results
SUNNYVALE, Calif., Nov. 4, 2020 /PRNewswire/ — Trimble Inc. (NASDAQ: TRMB) today announced financial results for the third quarter of 2020. Third Quarter 2020
Read moreDealerNews: Cervus Equipment 3Q Results
CALGARY, Alberta (November 4, 2020) — Cervus Equipment Corporation (“Cervus” or the “Company”) (TSX: CERV) today announced its financial results and
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Ag Barometer Rises to Record High – Improving Financial Conditions
The Purdue University/CME Group Ag Economy Barometer rose 27 points to a reading of 183 in October and set an all-time high for
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Rocky Mountain Dealerships Move to Go Private
CALGARY, ALBERTA, November 2, 2020 — Rocky Mountain Dealerships Inc. (“RME” or the “Company”) (TSX: RME) and 2223890 Alberta Ltd.
Read moreRocky Mountain Dealerships Reports 3Q 2020 Results
OCTOBER, 30, 2020 CALGARY, Alberta–(BUSINESS WIRE)– Rocky Mountain Dealerships Inc. (TSX: RME, and hereinafter “RME”), Canada’s largest agriculture equipment dealer,
Read moreFarm Bureau Cancels San Diego Convention for Online Only Meeting
The American Farm Bureau Federation recently announced that its 102nd Annual Convention will be held online following the cancelation of all
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EMDA Elects Leadership
Newly elected officers and directors of the Equipment Marketing & Distribution Association (EMDA) for 2020-2021 are: Kent Zimmerman, John Day
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COVID Claims Commodity Classic 2021 In-Person Event
In-Person 2021 Event Will Not Take Place Due to COVID-19 Restrictions ST. LOUIS, MO (October 30, 2020)— Commodity Classic has
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USDA Awards $7 Billion to Farmers in September
Since CFAP 2 enrollment began on September 21, FSA has approved more than 443,000 applications. The top five states for payments are Iowa, Nebraska, Minnesota, Illinois and Kansas.
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Rural Mainstreet Index Rises to Pre-Pandemic Level
Since falling to a record low in April, the Rural Mainstreet Index has increased for six straight months. The farm equipment sales index improved this month, too.
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Borrowing Among Farmers Slows in Q3
Loans for operating expenses increased by 15 percent from last year but were less than the three preceding years.
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Farmers Feel Better About Ag Economy
The capital investment index, which reflects farmers’ willingness to make big purchases, rose to its highest reading in 2020.
Read moreDealer News
See news about sales in Texas and the western U.S.
Read moreDeere to Expand in Australia, New Zealand
Deere’s business in Australia, New Zealand, Asia, Africa and the Middle East accounts for almost 10 percent of the company’s total revenue.
Read moreCandidates Discuss Farm Policy
In this week’s installment of responses that presidential candidates provided to the American Farm Bureau, they talk farm policy.
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Rural Mainstreet Index Improves for September
The index has risen consistently since bottoming out in April. The farm equipment sales index remains in a recessionary zone.
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USDA Issues $14 Billion in COVID Relief to Farmers
This is the second round of assistance the administration will send to farmers. It distributed $19 billion earlier this year.
Read moreWorld Ag Expo Calls Off 2021
World Ag Expo announced Monday it will not host its outdoor farm show in 2021.
Read moreAg Top-Rated Industry in Gallup Poll
While always among the favorites in this annual survey, agriculture for the first time tops the list of well-like industries. Researchers suggest renewed appreciation because of COVID-19.
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Trump Tweets Good News for Biofuels Industry
Ethanol industry gets a win from Trump administration, but frustrated farmers argue the gesture falls short.
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Low Commodity Prices Add Stress to Tight Farm Budgets
Despite a wind storm tearing through the Midwest and drought conditions in isolated areas, a bumper crop of both corn and soybeans is expected this year.
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