When commodity prices fall, farm equipment purchasing is the first area in which farmers reduce spending. In their February report, Rabobank analysts Kenneth Zuckerberg and Sterling Liddell anticipate that commodity prices will stabilize over the next 5 years to near break-even levels.
Agriculture will take any good news where it can get it. Yesterday's World Agricultural Supply and Demand Estimates from USDA was less mundane than expected as it helped extend a small run up in corn futures when the ag agency actually trimmed the U.S. harvest
Barge design and positioning affect efficient movement on the Mississippi River. But when aging infrastructure brings barges to a standstill for as long as 12 hours, all the design in the world can't save what amounts to $100 million in delay-related costs. If the U.S. is going to move twice as much grain to market 20 or 30 years from now, we'll need to spend hundreds of millions of dollars to update the river's ancient system of locks.
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In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.