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.
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.
So, we’ve heard a lot from USDA about commodity prices and projected planted acres for 2020, but little or nothing about capital expenditure expectations. It exists but doesn’t capture much attention from much of the ag industry. I suppose this is because most farm spending is dependent on commodity prices.
Agricultural credit conditions in the Seventh Federal Reserve District declined again in the third quarter of 2019. According to David Oppedahl, senior business economist at the Chicago Fed, repayment rates for non-real-estate farm loans were down relative to the third quarter of 2018, and loan renewals and extensions were up.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.