USDA’s Economic Research Service is projecting 2016 net cash farm income will slip to $90.1 billion and net farm income to $66.9 billion, largely the result of declining animal and animal product receipts. Both measures are forecast to decline for the third consecutive year after reaching record highs in 2013 for net farm income and 2012 for net cash income.
Demand for loans for ag equipment and other capital expenditures continued to decline in the first quarter of the year, the volume of large non-real estate farm loans continued to have a significant effect on changes in farm lending, according to the Federal Reserve Bank of Kansas City.
If you're a betting person, the best bet you could make (at the moment) is that the strongest segment for ag equipment sales in the year ahead will be centered on livestock producers, cattle in particular.
In today's newscast we look at results from Ag Equipment Intelligence's 2015 Dealer Business Outlook & Trends survey, USDA's forecast for rising livestock and dairy cash receipts, the impact this year's large harvest is having on U.S. transportation systems and infrastructure and the evolution of smarter tires in agriculture.
Promising to provide the best options to professional producers, big and small, Case IH announced its 2015 lineup of Farmall tractors and hay and forage tools this month.
In today's newscast we look at New Holland's acquisition of Miller-St. Nazianz, what analysts had to say about the 2014 Farm Progress Show, the USDA's outlook for beef and pork prices and how big data can be used to benefit dealerships.
The outlook for equipment dealers catering to the livestock segment of U.S. agriculture will gradually improve as 2013 progresses with projected prices for cattle, hogs, broilers and milk continuing to rise and, in some cases, hit record highs.
By the numbers, all signs continue to point to strong finish to the year for farm equipment and agriculture in general. And if you like numbers, here's a few to chew on.
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Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
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