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Articles Tagged with ''net farm income''

USDA & FAPRI Net Farm Income Projections Vary for 2018

November 16, 2018 | Posted in Data & Trends

The outlook for 2018 farm net income varies depending on recent reports from USDA on Aug. 30 and University of Missouri’s Food and Agricultural Policy Research Institute (FAPRI) on Sept. 18. However, the USDA outlook did not include potential payments from the Market Facilitation Program (MFP) that provides farmers with compensation for losses incurred because of trade disputes, announced on Aug. 27. On the other hand, FAPRI’s farm income projections incorporates the initial round of MFP payments.

Minneapolis Fed Branch Survey Reports Falling Incomes, Investment Spending

October 1, 2018 | Posted in Data & Trends

As much as the farm equipment industry has benefited in recent months from replacement demand, trouble may loom ahead if farm incomes and investment spending keep falling.

Don’t Bet the Farm on USDA’s Initial Farm Profits Outlook for 2018

February 23, 2018 | Posted in Data & Trends

Earlier this month — Feb. 7 to be exact — USDA issued its farm sector profits forecast for 2018. The ag agency’s most recent outlook calls for further declines in net farm income and net cash farm income for the year ahead. But researchers at the University of Illinois Agricultural and Consumer Economics, say that, if past history holds true, the initial forecast is probably somewhat lower than what we’ll see next year at this time.

Replacement Demand for Large Equipment Fuels Deere’s Improved Outlook for 2018

December 1, 2017 | Posted in Data & Trends

Despite ongoing low crop prices, Deere & Co. is looking for solid sales growth of its ag equipment in the year ahead. During a conference call with analysts following the release of its earnings report on Nov. 22, Deere management cited farmers needing to replace equipment, evidenced by improving early order sales.

October 2017 Tractor & Combine Analysis

By Charlie Glass posted on November 16, 2017

2017 continues to appear to be a base-building period and, while large tractors are woefully below our original forecast, there is some evidence that they won’t go much lower in 2018.

USDA Projects Net Farm Income to Increase in 2017

September 1, 2017 | Posted in Commodities

While farm cash receipts is a good indicator of farmers’ ability to invest in new ag machinery, it’s usually net farm income that tells them to pull the trigger on equipment and other capital purchases.

April 2017 Tractor and Combine Analysis

By Charlie Glass posted on May 12, 2017

There are definitely signs that there is some strength building into the tractor markets as the year continues to progress. Confidence on rural main street remains high even though the political in-fighting in Washington D.C. roils.

On The Record

Versatile Puts Rumors to Rest

December 1, 2016

In today’s newscast, we settle some acquisition rumors surrounding Versatile, look at the updated forecast for 2016 net cash farm income and net farm income, the challenges signal reliability pose toward the success of GPS and guidance systems, Deere’s 2016 fourth quarter results and Titan Machinery’s third quarter results for fiscal year 2017.

While Crop Receipts Held Steady in 2016, Livestock Receipts Took a Dive

December 1, 2016 | Posted in Commodities, Data & Trends

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.

Comer Industries Expansion Aims for Growth in Ag Gearboxes, Drive Shafts

November 1, 2016 | Posted in Data & Trends, Equipment & Equipment Sales

Power transmission specialist Comer Industries is embarking on an ambitious growth plan that managers led by Fabio Storchi, president and CEO, expect to deliver significantly increased sales and improved profitability over the next 4 years.

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[Technology Corner] Pessl Instruments CEO Talks Dealer Benefits From Lindsay Corp. Investment

Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.

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