In its most recent update, Purdue University and CME Group's Ag Economy Barometer rose by 2 points to a reading of 123, primarily due to farmers' improved perception of current conditions.
In this episode of On The Record, we ask Oxbo what we can expect from their acquisition of H&S Manufacturing. In the Technology Corner, Noah Newman covers Versatile's recently announced collaborative autonomy project. Also in this episode: farmers' interest rates concerns and declining used equipment price trends.This episode of On the Record is brought to you by Weasler Engineering.
The March update to the Ag Economy Barometer from Purdue University and CME Group saw the farm capital investment index rise 1 point in February to a reading of 43.
When asked about how rising interest rates are affecting his plans for 2023, Tom Barcellos, who farms 1,800 acres of primarily dairy feeds in Tipton, Calif., said he was worried about increases simply because he bought his neighbor last year.
The ag equipment industry is facing a variety of challenges at the moment: new equipment shortages, rising interest rates and fear of a global recession, to name a few. This has some in the industry wondering: which factors are impacting equipment purchase plans for next year the most?
The U.S. Federal Reserve has implemented four interest rate hikes so far in 2022. Federal Reserve Bank of Chicago President Charles Evans said another 75 basis-point increase could be coming later this month.
The Creighton University Rural Mainstreet Index (RMI) declined in January, though it remained above growth neutral for the 14th straight month, according to the Jan. 20, 2022, release of the monthly survey of bank CEOs in a 10-state rural area.
According to the Kansas City Federal Reserve Bank's first quarter 2019 Databook, non-real estate lending continued to increase at a moderate pace in the first 3 months of the year. The volume of non-real estate loans increased 9% from a year ago.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.