Ag Economy Barometer Soybean trade dispute

China Waives U.S. Pork, Soybean Import Tariffs

China said it will waive import tariffs for some soybean and pork shipments from the U.S., according to The Pig Site. The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the finance ministry said in a statement, citing a decision by the country's cabinet.
More Editors' Picks

Mergers & Acquisitions

  • CNHI Announces Completion of K-Line Ag Acquisition

    CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today that it has completed its acquisition (previously announced on Nov. 4, 2019) of K Line Ag, an Australian agricultural tillage and residue management equipment manufacturer on Dec. 2, 2019.

  • Vermeer Corp. Acquires Schuler Manufacturing

    With a strong vision to provide the most comprehensive suite of hay harvesting, processing and feeding equipment to farmers and ranchers across North America, Vermeer Corporation today announced it has purchased Schuler Manufacturing, a family-owned and operated manufacturer of high-quality feeding solutions based in Griswold, Iowa.
See More

Earnings Reports

  • Raven Industries Report 4% Drop in Net Sales for 3QFY20

    Raven Industries is reporting that net sales for the third quarter of fiscal 2020 were $100.5 million, down 4.1% vs. the third quarter of fiscal 2019. Each division experienced a modest year-over-year decline in net sales.

  • Deere’s 4Q19 Net Sales Rise 5%, Ag Up 3%; Expects Lower Sales in FY2020

    Deere & Co. reported net income of $722 million for the fourth quarter ended Nov. 3, 2019, compared with net income of $785 million for the quarter ended Oct. 28, 2018. For fiscal 2019, net income attributable to Deere & Co. was $3.253 billion compared with $2.368 billion in 2018. Worldwide net sales and revenues increased 5% in both the fourth quarter and full year of 2019 to $9.896 billion and $39.258 billion, for the respective periods.
See More

Audio Edition

Sign up for free

Featured Video

Deere Reports 3% Increase in Ag Sales in 4Q, Announces Voluntary Employee Buyout

The latest episode of On the Record is now available! In this week's episode we discuss Deere & Co.'s 4Q earnings, along with the company's recent announcement about voluntary employee buyouts. In the Technology Corner, Jack Zemlicka talks about one dealership's take on precision specialist training. Also in this episode, the latest earnings reports from Titan Machinery and Kubota, a comparison between European and North American farm equipment distribution and a look at regenerative agriculture trends.
See More

Data & Trends

See More
netfarmincome2019

Ag Economy Barometer

Farmer Sentiment Rises as Harvest Wraps Up

The Purdue/CME Ag Economy Barometer rose in November for the second month in a row, climbing to 153, 17 points higher than in October when the index stood at 136. This month’s rise in the ag economy sentiment index left the barometer tied with July for the highest barometer reading of 2019. Once again, the rise in the barometer was driven by improvements in farmers’ perceptions of both current economic conditions and their belief that conditions will improve in the future, with the biggest boost coming from improved perceptions of current conditions.

Click here for the full article.

  • Farmer Sentiment Rises as Harvest Wraps Up

    The Purdue/CME Ag Economy Barometer rose in November for the second month in a row, climbing to 153, 17 points higher than in October when the index stood at 136. This month’s rise in the ag economy sentiment index left the barometer tied with July for the highest barometer reading of 2019.

  • November Beige Book: Late Harvests, Snow Impact Ag Conditions

    The November 2019 Beige Book, released by the Federal Reserve System, included conditions impacting agriculture throughout the country. In this edition, it was noted that agricultural conditions were flat or declined across the districts, impacted by early frost and snow, depressed agriculture commodity prices, decreased yields and drought.

  • Real GDP Estimated Increase for 3Q19 Rises to 2.1%

    Real gross domestic product (GDP) increased at an annual rate of 2.1% in the third quarter of 2019, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2%.

Podcasts

See More

Featured Products

See More

VIP Access

Aei_webarchive_portrait

Get all things Ag Equipment Intelligence all the time!

Start Your Membership