Rabobank is forecasting that median Midwest corn farmers will be working with a margin of about 4% during the next 4-5 years. This is “unacceptable” and means they will need to increase their efficiency while continuing to cut costs, Kenneth Zuckerberg told attendees of the 2018 Precision Farming Dealer Summit in January.
The past month and a half has been interesting for North American agriculture. Numerous positive signals have been showing up in various ag segments almost since the beginning of the year. Their duration hasn’t been long enough to classify them as trends or to build solid confidence in the longer term. I don’t know about you, but I’m ready for a little optimism.
If you only look at the unit sales for big farm equipment, it would be hard to get too excited about the current state of ag machinery business. But plowing through the dealer commentary from this month’s “Dealer Sentiments & Business Conditions Update” survey, it’s interesting how many dealers had some pretty positive things to say.
National Pork Producers Council is very concerned with the effect on America’s pork producers of raising to 15% the amount of corn ethanol that can be blended into gasoline.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
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