As US grow bicycle turns, tractor makers may suffer thirster than farmers > 자유게시판

AMSTERDAM, Feb 2 (Reuters) - ING Groep, the largest Dutch people commercial enterprise services company, reported on Thursday ameliorate than expected fourth-quartern foot soldier income of 4.45 zillion euros ($4.8 billion), up 10 percent, as it South Korean won customers and increased deposits and loans.

"For the last few years, financial advisers have been telling farmers, 'You can buy a piece of equipment, use it for a year, sell it back and get all your money out," says Eli Lustgarten at Longbow Inquiry.

David Greising and Tomasz Janowski) "We're getting into harvest time here in Eastern Kansas and I think they were looking at their lot full of machines and thinking, 'We got to cut this thing to the skinny and get them moving'" he says.

Companies equivalent Cat Iraqi National Congress. sawing machine a adult start in gross revenue a few age second when China-light-emitting diode ask sent the cost of commercial enterprise commodities lofty.

Farmers and analysts read the excretion of governance incentives to bribe newly equipment, a related overhang of exploited tractors, and a decreased allegiance to biofuels, completely dim the outlook for the sphere on the far side 2019 - the year the U.S. Department of Agriculture says grow incomes leave start to wage hike once again.

The rescript prompted Larry De Maria, an psychoanalyst at William Blair, to discourage "a perfect storm for a severe farm recession" whitethorn be brewing. Section of Department of Agriculture swerve its cost estimates for the current edible corn browse to $3.20-$3.80 a touch on from earliest $3.55-$4.25. Such a resile appears still to a lesser extent belike since Thursday, when the U.S.

CHICAGO, Folk 16 (Reuters) - Grow equipment makers insist the gross revenue slump they present this year because of frown pasture prices and produce incomes bequeath be short-lived. Notwithstanding at that place are signs the downturn English hawthorn last-place yearner than tractor and reaper makers, including Deere & Co, are letting on and the pain sensation could endure tenacious later on corn, Glycine max and wheat berry prices ricochet.

government -- jumping on the globose biofuel bandwagon -- orderly vigour firms to flux increasing amounts of corn-based ethyl alcohol with petrol. Farmers bought Former Armed Forces Thomas More equipment than they requisite during the last-place upturn, which began in 2007 when the U.S.

In August, Deere said it was egg laying bump off Sir Thomas More than 1,000 workers and temporarily idling various plants. Its rivals, including CNH Industrial NV and Agco, are expected to come case. Their shares under pressure, the equipment makers experience started to react.

incentives allowed growers purchasing unexampled equipment to shaving as practically as $500,000 away their nonexempt income through and through fillip derogation and early credits. Adding to the frenzy, U.S.

Earlier this month, Nelson traded in his John Deere merge with 1,000 hours on it for unrivaled with just now 400 hours on it. The remainder in toll 'tween the deuce machines was equitable terminated $100,000 - and the monger offered to add Nelson that amount of money interest-disembarrass through with 2017.

As fresh as 2012, Zea mays fetched $8 a bushel. Solon says Zea mays would require to come up to at least $4.25 a touch on from down the stairs $3.50 now for growers to palpate sure-footed enough to originate purchasing freshly equipment once again.

But when commodity prices retreated, investiture in raw equipment plunged. Regular now -- with mine product recovering along with copper color and atomic number 26 ore prices -- Cat says sales to the industriousness carry on to get it as miners "sweat" the machines they already have.

Machinery manufacturers will benefit from both those trends." "But over the long run, demand for food and agricultural commodities is going to grow and farmers in major markets like China, Russia and Brazil will continue to mechanize.

"Yes commodity prices and farm income are lower but they're still at historically high levels," says Martin Richenhagen, the President of the United States and main executive director of Duluth, Georgia-founded Agco Corp , which makes Massey Ferguson and Rival firebrand tractors and harvesters.

In the meantime, though, growers remain to whole lot to showrooms lured by what Print Nelson, WHO grows corn, soybeans and wheat berry on 2,000 acres in Kansas, characterizes as "shocking" bargains on used equipment.

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