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Victim of Cost? – Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices. But the industry doesn’t seem to notice with new combines and combine sales up 79%.
- Focus: Too many tractors: As boom times fade, farm equipment piles up
- New Combines from Case IH
- April Sales of Large Tractors In the U.S. Rise, Combine Sales Up 79%
- Equipment Sales to Slow in 2024
It IS the Weather! – La Niña has a 49% chance of developing in June to August with a 69% chance it develops between July to September. A transition from El Niño to ENSO-neutral is likely in the next month. La Niña may develop in June-August (49% chance) or July-September (69% chance).
- You Can Now Blame El Niño and La Niña For the Extreme Weather Outbreaks, Planting Delays This Spring
Food Shortage on the Horizon? – An avian flu outbreak and increasing costs of fuel, feed and packaging have contributed to an egg supply shortage and high prices in some parts of the country.
Wheat Progress – Farmers in southwestern Saskatchewan and southeastern Alberta received much-needed rainfall this spring. However, all eyes are on crop conditions in Turkey, which has turned into a powerhouse recently in the global durum market.
Maybe Its Not What You Think It Is? – The draft text of the House Agriculture Committee’s long-awaited farm bill was unveiled on May 17, revealing a $1.5 trillion package that could set off another partisan fight in a historically contentious Congress.
- House Unveils $1.5 Trillion Farm Bill, Setting Up Funding Showdown
- Dems Push Back on Republican Farm Bill Proposal
- Farm Bill Lobbying Exceeds $500 Million, Major Players Listed