Rabobank will transfer the food and agriculture loan portfolio from its California retail banking operation, Rabobank North America, to St. Louis-based Rabo AgriFinance.
The purpose of the event is to strengthen the innovation culture in the agricultural community. The AGCO iVenture Summit strives to help innovators gain access to industry thought leaders, partners, and funding.
My outlook for the 2018 used equipment market is going to be the same as 2017 to slightly better. I think good quality used equipment will sell and condition and hours will be the main seller of this equipment. The 1-5 year old stuff will be the sweet spot.
The U.S. Department of Agriculture’s 93rd Annual Agricultural Outlook Forum featured speakers from John Deere and Rabobank who presented perspectives on how their companies will meet the challenges and opportunities of the agricultural economy in 2017 and beyond.
As the industry downturn is well into its third year, producers are now taking an even harder look at minimizing the use, and thus the cost, of crop inputs like fertilizers and pesticides, wherever possible without sacrificing crop yields. The quest to reduce inputs without giving up crop productivity presents dealers and manufacturers with opportunities to work closely with their farm customers to improve everyone’s bottom line.
When commodity prices fall, farm equipment purchasing is the first area in which farmers reduce spending. In their February report, Rabobank analysts Kenneth Zuckerberg and Sterling Liddell anticipate that commodity prices will stabilize over the next 5 years to near break-even levels.
Over the years, more than a few dealers have told me the best deals they ever made were often the deals they didn’t make. At least a few industry pundits believe this is the case for Monsanto in its failed bid to acquire Syngenta.
Rabobank doesn’t see sales of ag equipment picking up until possibly 2018. In the meantime, one of agriculture’s largest lending institutions thinks the time could be right for some of the bigger farm machinery manufacturers to get together to challenge market leader John Deere.
After several years of rising row crop prices, a perfect storm of high crop production (in excess of demand), a sharp correction in grain values and contracting farmer margins in mid-2014 has resulted in declining sales of agricultural equipment sales. This trend is expected to continue through 2017, according to Rabobank's recent report, 'Contraction Today, Consolidation Tomorrow?"
Rabobank released a report in August on the impacts and implications on agriculture of an appreciating U.S. dollar. We had the opportunity during the 2015 Farm Progress Show to speak with Stephen Nicholson, vice president, Food & Agribusiness Research and Advisory with Rabobank and the author of the report.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at Titan International’s 2024 results, and the tire manufacturers outlook for this year.
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