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No-Till Farmers’ Equipment Purchasing Plans Up Slightly in 2020

Last year was challenging for nearly all U.S. farmers and no-till growers were no exception. Nonetheless, nearly 81% of no-tillers reported that they were profitable during the 2019 cropping year. This is according to the results of the 12th annual No-Till Operational Benchmark Study from No-Till Farmer, a sister publication of Ag Equipment Intelligence. This percentage is the highest since 2014 when an identical 81% of no-till farmers reported they were profitable. The good news for farm equipment dealers and manufacturers is, overall, a larger percentage of the approximately 650 no-till growers who responded to this year’s survey say they’ll increase their equipment purchases — slightly in the year ahead. In the current ag environment, any increase in capital expenditures is good news. Number one of the no-tillers’ list of equipment purchase for 2020 is planters.
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Organic Crop Acres Map 2019

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Forecast Calls for More Ag Exports Than Imports in 2020

U.S. agricultural exports are projected to total $139.5 billion in fiscal year 2020, while agricultural imports are expected at $132.5 billion, according to the Economic Research Service’s latest outlook for U.S. agricultural trade. The totals represent a $4 billion increase in exports and $1.6 billion rise in imports over 2019, which would increase the trade surplus by $2.4 billion and reverse the trend of decreasing trade surplus in recent years.

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  • Forecast Calls for More Ag Exports Than Imports in 2020

    U.S. agricultural exports are projected to total $139.5 billion in fiscal year 2020, while agricultural imports are expected at $132.5 billion, according to the Economic Research Service’s latest outlook for U.S. agricultural trade. The totals represent a $4 billion increase in exports and $1.6 billion rise in imports over 2019, which would increase the trade surplus by $2.4 billion and reverse the trend of decreasing trade surplus in recent years.

  • Monthly Leasing and Finance Index Rises 15% in February

    The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for February was $6.8 billion, up 15% year-over-year from new business volume in February 2019.

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