Strong to Stronger: Equipment Sales, Confidence in Economy
The farm equipment-sales index confirms the demand that manufacturers are experiencing.
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Ag
Bankers Report Record Farmland Price Index:
For the 10th straight month, the Creighton University Rural Mainstreet Index (RMI) remained above growth neutral, according to the monthly survey
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Farmer Sentiment Rises, Financial Outlook Remains Strong
Producers are becoming increasingly concerned about rising input costs. Thirty-nine percent of respondents said they expect input prices to rise by 8 percent or more.
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More Than One in Five Dealers Beat July Forecasts
Dealers report that inventories remain too low, pricing is up, and sales are beating forecasts. See the data from Ag Equipment Intelligence.
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Land Prices as High as an Elephant’s Eye
In Iowa, in one week, five counties broke records for price per acre on farmland. In at least one county, the record had only been standing for a week.
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COVID Payments to Farmers Not the ‘Boost’ Some Expected
Projections for farm income in 2021 are 20 higher than the 2020 projection and 49 percent higher than the average from 2015 to 2019.
Read moreBrandt Tractor to Acquire Cervus Equipment Corp.
On the same day the agreement was announced, Cervus reported earnings for its best-ever second quarter.
Read moreDealer News
Expansions are underway for dealer operations headquartered in North Dakota and Florida.
Read moreAcquisition Announced in Digital Ag Marketplace
Farmers Edge Inc., a digital agriculture company, has agreed to acquire CommoditAg, an online marketplace for agriculture products.
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Tractor/Combine Sales
Sales of big equipment showed enormous gains in July.
Read moreSenate Amendment May Protect Farms and Ranches from Transfer Taxes
In the middle of the U.S. Senate’s flurry of amendments and votes this week on a $3.5 trillion budget reconciliation
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Farmers Expect Cooling Off Period in Machinery Buying
Nearly half of producers surveyed said they expect input costs to rise by at least 8 percent in the next year. Such costs have risen by 1.8 percent per year over the last decade.
Read moreGlyphosate Gone for Lawns, Remains for Farmers
The move is designed to mitigate future litigation risk.
Read moreTractor, Combine Sales
Sales of big tractors saw big growth in June.
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July Rural Mainstreet Index Shows Strength
The July farm equipment-sales index extended the longest run in growth territory that the index has recorded since 2012.
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Biden Takes Aim at Tractor, Combine Repairs
Regardless of the outcome, the president’s actions have turned the hot light of public opinion on the right-to-repair issue.
Read moreDealer News: Acquisitions, Expansion
See news about changes in the dealer landscape in Florida, Texas, and Iowa.
Read moreOpinion: Executive Order Creates Opportunities for Farmers and Ranchers
Limiting who can work on a piece of machinery drives up costs and increases down-time. Ensuring farmers have the ability to perform cost-effective repairs on their own equipment will keep America’s farms running and financially sustainable.”
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Farmers’ Reluctance to Build Weakens Investment Index
About a third of farmers expect farm input prices to rise by 8 percent or more in the upcoming year, which would be more than four times the average rise over the last 10 years.
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Commodity, Consumer Prices May Prompt Fed Rate Hike
The world hasn’t seen such across-the-board commodity-price increases since the beginning of the global financial crisis, and before that, the 1970s. Corn, soybeans and wheat have jumped to their highest levels in eight years.
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Tractor/Combine Sales
Sales of big machines saw big growth in May.
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White House to Launch Supply Chain Task Force
The task force will address the bottlenecks in the agriculture, construction, transportation and semiconductor sectors.
Read moreIt’s Back: Obama-Era Clean Water Rule Revisited
In response, AFBF President Zippy Duvall said that “clean water and clarity are paramount, and that is why farmers shouldn’t need a team of lawyers and consultants to farm.”
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U.S. Initiates Trade Dispute Against Canadian Dairy
The U.S. alleges that Canada is not upholding the terms of USMCA and using a system to set aside a s hare of the dairy market exclusively for Canadian processors.
Read moreAg Revenue Up Nearly 19 Percent at Titan Machinery
The agriculture segment generated pre-tax income growth of 82 percent during the three months that ended April 30.
Read moreDealers Plan Construction, Expansions
Dealers in Louisiana, Montana, Pennsylvania and Kentucky are expanding their footprints in the equipment industry.
Read moreJudge Rules Against Bayer
The company stands by the safety of glyphosate and is committed to keeping it available for farmers.
Read moreMainstreet Index Soars to Record High
About 61 percent of bank CEOs reported that their local economy expanded between April and May.
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U.S. Forecasts Highest Prices for Crops in Years
The USDA estimates the corn crop will sell for a season-average $5.70 a bushel, soybeans for $13.85, and wheat for $6.50. Those would be the highest farm gate prices since 2013 for corn and soybeans and the highest since 2014 for wheat.
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What’s Behind the Labor Crunch?
Is it enhanced unemployment benefits, border issues, wages? One agricultural economist asks if it is even correct to call it a labor “shortage.”
Read moreVirus, Weather Lead to Resin Shortage
Farmers could see higher prices and possible shortages of plastic agricultural products.
Read moreTractor Supply Reports Big First Quarter
The company’s e-commerce sales experienced triple-digit percentage growth for the fourth consecutive quarter.
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Farm Financial Performance Index Hits Record High
Farmers expect a strong bottom line this year in spite of rising input costs. The data shows a greater willingness to buy equipment and attend in-person events.
Read moreTractor/Combine Sales
Percentage increases in tractor sales in the U.S. and Canada are in the high double-digits, even climbing into triple digits in one category.
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Rail Acquisition Supports USMCA
The merger will provide direct rail service throughout Canada down to central Mexico and key agricultural and manufacturing hubs through the center of the U.S.
Read moreCervus Announces $40M Increase in 2020 Adjusted Income
CALGARY, AB, March 11, 2021 /CNW/ – Cervus Equipment Corporation (“Cervus” or the “Company“) (TSX: CERV) today announced its financial results for
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Farmers Commitment to Big Purchases Remains Strong
The subcategory that measures farmers’ willingness to make big purchases drifted slightly downward but remains impressively high.
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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.
Read moreTractor/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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