Bankers responding to the Dallas Federal Reserve Bank’s first quarter survey noted that the negative impact on commodity prices from the coronavirus (COVID-19) outbreak has changed the outlook for 2020 from one of challenge to one of extreme concern.
In this week’s podcast, we take a look at Ag Equipment Intelligence’s 2020 Dealer Business Outlook & Trends report, specifically examining what dealers said were their “Best Bets” for upcoming year, along with concerns over the rising price of new equipment.
A survey of bankers in the 11th Federal Reserve District say that, that while loans for farm equipment fell sharply in the fourth quarter of 2018, so did the loan demands in other areas of agriculture. The district covers all of Texas, northern Louisiana and southern New Mexico and 100 bankers responded the this most recent survey.
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In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.