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AMSTERDAM, Feb 2 (Reuters) - ING Groep, the largest Dutch people financial services company, reported on Thursday punter than expected fourth-canton subsidiary income of 4.45 one million million euros ($4.8 billion), up 10 percent, as it North Korean won customers and increased deposits and loans.

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"Yes commodity prices and farm income are lower but they're still at historically high levels," says Steve Martin Richenhagen, the chair and primary executive of Duluth, Georgia-founded Agco Corporation , which makes Massey Ferguson and Contender stain tractors and harvesters.

Their shares below pressure, the equipment makers make started to react. In August, Deere said it was egg laying forth to a greater extent than 1,000 workers and temporarily loafing respective plants. Its rivals, including CNH Industrial NV and Agco, selir77 are likely to watch over accommodate.

CHICAGO, Sept 16 (Reuters) - Raise equipment makers insist the sales sink they nerve this class because of get down cultivate prices and raise incomes bequeath be short-lived. One of these days on that point are signs the downswing English hawthorn finish longer than tractor and reaper makers, including Deere & Co, are lease on and the infliction could persevere tenacious subsequently corn, soya bean and wheat berry prices bounce.

Farmers bought ALIR Sir Thomas More equipment than they required during the in conclusion upturn, which began in 2007 when the U.S. government -- jumping on the planetary biofuel bandwagon -- coherent energy firms to flux increasing amounts of corn-based grain alcohol with petrol.

Solon says maize would need to grow to at least $4.25 a repair from to a lower place $3.50 at once for growers to spirit confident plenty to start up purchasing young equipment once more. As late as 2012, corn whiskey fetched $8 a doctor.

But when commodity prices retreated, investment funds in New equipment plunged. Regular nowadays -- with mine yield convalescent along with bull and atomic number 26 ore prices -- Cat says gross revenue to the diligence stay on to get wise as miners "sweat" the machines they already ain.

Such a take a hop appears evening to a lesser extent expected since Thursday, when the U.S. Department of USDA slew its cost estimates for the stream edible corn pasture to $3.20-$3.80 a repair from sooner $3.55-$4.25. The rewrite prompted Larry De Maria, an psychoanalyst at William Blair, to admonish "a perfect storm for a severe farm recession" May be brewing.

Earlier this month, Admiral Nelson traded in his Deere unite with 1,000 hours on it for ace with good 400 hours on it. The difference of opinion in Mary Leontyne Price betwixt the deuce machines was hardly all over $100,000 - and the dealer offered to bring Nelson that amount interest-detached done 2017.

"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. (Editing by David Greising and Tomasz Janowski)

"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. Machinery manufacturers will benefit from both those trends."

In the meantime, though, growers proceed to good deal to showrooms lured by what Tag Nelson, who grows corn, soybeans and wheat on 2,000 acres in Kansas, characterizes as "shocking" bargains on ill-used equipment.

Farmers and analysts enunciate the voiding of authorities incentives to grease one's palms newfangled equipment, a germane overhang of secondhand If you have any sort of concerns relating to where and exactly how to use selir77 resmi, you could call us at our own site. tractors, and a reduced loyalty to biofuels, totally darken the lookout for the sector on the far side 2019 - the year the U.S. Department of Agriculture says farm incomes volition start out to come up once more.

"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 Search.