In today’s newscast, we look at how interest rate hikes might impact farmers' decisions on whether or not to buy equipment, an encouraging outlook for 2018 sales from rural lifestyle dealers, where no-till farmers plan to spend their money when it comes to equipment needs this year, and John Deere's latest earnings and updated 2018 forecast.
No-till farmers report that despite rising expenses last year they were able to make some money. Of the 497 no-tillers from 26 states who responded to the recent survey of No-Till Farmer in January, 68% say they were profitable.
The results from an annual survey of U.S. no-till farmers reveals that, despite the drought, 2012 produced solid results, both in terms of profitability and crop yields. As a result, no-till farmers expect to slightly increase equipment purchases in 2013.
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Precision ag pioneer Al Myers is a member of the Farm Equipment Shortline Legends Hall of Fame 2024 class. It’s been almost 35 years since the Ag Leader founder introduced the groundbreaking Yield Monitor 2000.