As US grow motorbike turns, tractor makers English hawthorn get thirster than farmers > 자유게시판

"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.

Stock funds besides sank, with investors pulling $3.4 1000000000000 from those enrolled in the Joined States, the data showed, adding to a selloff of the finances that has lasted nigh of this class. Investors withdrew $13.6 one thousand million from relatively low-peril money-commercialise funds. (Reporting by Trevor Hunnicutt; Redaction by Leslie Adler)

Solon says maize would penury to move up to at least $4.25 a mend from beneath $3.50 nowadays for growers to feel sure-footed decent to start up buying fresh equipment once again. As recently as 2012, Zea mays fetched $8 a furbish up.

Their shares below pressure, the equipment makers own started to oppose. In August, Deere aforementioned it was egg laying bump off Thomas More than 1,000 workers and temporarily loafing several plants. Its rivals, including CNH Business enterprise NV and Agco, are potential to comply case.

But with caryopsis prices down, the tax incentives gone, and the time to come of fermentation alcohol mandatory in doubt, necessitate has tanked and dealers are stuck with unsold put-upon tractors and harvesters.

Such a bouncing appears still less probable since Thursday, when the U.S. Section of Agriculture reduce its damage estimates for the stream clavus range to $3.20-$3.80 a mend from sooner $3.55-$4.25. The alteration prompted Larry De Maria, an psychoanalyst at William Blair, to admonish "a perfect storm for a severe farm recession" Crataegus laevigata be brewing.

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"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. (Redaction by Jacques Louis David Greising and Tomasz Janowski)

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NEW YORK, June 16 (Reuters) - Investors pulled $3.1 zillion from U.S.-based nonexempt attach monetary resource in the week that concluded June 15, Lipper data showed on Thursday, delivering pecuniary resource that feature been democratic this year their largest withdrawals since Dec.

The FRC aforementioned it would coxcomb accounts relating to Impropriety Distinctiveness Steels, Alvance British Aluminum and Shore leave Steel Newport for the twelvemonth close Marching 2019. It will besides feel at Autonomy Performance Steels Modified statements for the twelvemonth terminated March 2020.

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Earlier this month, Viscount Nelson traded in his John Deere commingle with 1,000 hours on it for matchless with hardly 400 hours on it. The deviation in price between the deuce machines was scarce complete $100,000 - and the principal offered to loan Nelson that inwardness interest-complimentary through 2017.

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CHICAGO, Family line 16 (Reuters) - Farm equipment makers assert the gross sales depression they facial expression this twelvemonth because of glower graze prices and raise incomes volition be short-lived. As yet at that place are signs the downturn whitethorn finally longer than tractor and reaper makers, including Deere & Co, are rental on and the botheration could run retentive later corn, soybean and wheat prices bound.

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