How the economy is shaping ag equipment purchases Published on 1/16/2025 The analysis is provided by Matt Erickson, an economist for Farm Credit Services of America (FCSAmerica). While nobody can predict what 2025 holds for agriculture, today’s economic trends and past cycles provide valuable insights for thinking about farm equipment purchases. AgDirect, one of the...…
Fiscal 24 has been the worst period of profitability for Iowa farmers in 10 years, causing further problems in the manufacturing sectors and creating a $1.5 billion market loss. Over the last several months, the Iowa agriculture economy has seen a tremendous downturn. Thousands of workers have been laid off at various manufacturing plants around the country....…
Many of us grew up with machines that bring back (fond or maybe not so fond) memories. I grew up on a farm in western Nebraska where we had both farm and construction equipment. We needed the construction equipment to transform one of our farms to accommodate another innovation in 1981 – center pivot irrigation....…
As the United States enters the year 2024, the economic landscape appears to be a dynamic mix of opportunities and challenges. The nation, having weathered the storm of the COVID-19 pandemic and faced various economic uncertainties, is poised for growth in the coming year. This article delves into key aspects of the United States economic...…
As we turn the page from one season (football, harvest, road construction) to another (basketball/wrestling, tax, winter), the conversations at the coffee shop and around the break room table will change as well. A few things are always topics though like the weather. But I think what all of us want to know is, “Are...…
What is the economic outlook for 2024? UBS economists expect economic growth to slow sharply in the next few quarters, with a mild contraction worth half a percentage point in the middle of the year. After posting projected 2.6% growth in 2023 (as of December 2023), the UBS economics team sees GDP growth dropping to...…
[Source: Agri-Marketing, 11.2015 | Keywords: Economy, Downturn] It’s no secret that the U.S. ag economy is in a downturn. But what many ag marketers donít know is that the economic slump presents a wealth of opportunity ñ both for farmers and agri-business. Coming off five consecutive years of net farm income nearing $100 billion, 2015 will...…
As more people are one, two or three generations off the farm, fewer people can share fond memories of visiting or working on their grandparent’s farm. This migration away from farming unfortunately leads to a loss of recognition of how important agriculture is to society and its economic importance to the United States. The U.S....…
