“The read from investors is that higher global crop prices will spur more machinery demand in future years,” Barclays analyst Adam Seiden said in a March 22 interview with Bloomberg.
John Deere reported net income of $1.8 billion for its second quarter ended May 2, 2021, compared with net income of $666 million for the same quarter last year. For the first 6 months of the year, net income attributable to Deere was $3 billion, up from $1.2 billion for the same period last year.
Experts Marc Johnson, Clinton Baker, and Chris Haverkamp break down this past year’s fluctuating markets and how dealers can prepare for what’s to come. [To view any of our webinar replays, you must be logged in with a free user account.]
USDA projections for changes in nominal (not adjusted for inflation) U.S. farm prices between 2020 and 2030 indicate a mixed outlook shaped by the expected recovery in U.S. and global demand, continued export competition, and market conditions during 2020.
In its summer edition of The Feed, Farmer Mac, the largest secondary market for U.S. agricultural credit, provides a look at the current state of ag commodities and possibilities of where they’re heading to in the short and mid-term.
All equipment retail sales exceeded monthly expectations or were nearly flat in the month of April. Higher horsepower tractors were the only exception, being 9.5% below the monthly forecast.
A lot has happened since FAPRI prepared its outlook for the farm economy based on information available in January 2020. This analysis attempts to isolate COVID-19 impacts from other market changes that have occurred for unrelated reasons.
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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.