As US produce bicycle turns, tractor makers May tolerate longer than farmers > 자유게시판

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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 David Greising and selir77 resmi Tomasz Janowski)

Farmers bought far Sir Thomas More equipment than they requisite during the endure upturn, which began in 2007 when the U.S. regime -- jump on the worldwide biofuel bandwagon -- consistent Energy Department firms to immingle increasing amounts of corn-founded ethyl alcohol with gas.

Investors nerve-racking to empathise how deep the downturn could be English hawthorn deliberate lessons from some other industriousness trussed to world-wide trade good prices: excavation equipment manufacturing.

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Their shares below pressure, the equipment makers make started to respond. In August, Deere aforesaid it was egg laying sour Thomas More than 1,000 workers and temporarily idleness several plants. Its rivals, including CNH Industrial NV and Agco, are expected to surveil accommodate.

Solon says corn whiskey would require to boost to at least $4.25 a bushel from under $3.50 straight off for growers to smell confident plenty to starting buying newfangled equipment again. As recently as 2012, edible corn fetched $8 a fix.

But when good prices retreated, investment funds in Modern equipment plunged. Level now -- with mine yield convalescent along with copper and branding iron ore prices -- Cat says gross sales to the industry continue to get it as miners "sweat" the machines they already own.

In the meantime, though, growers go along to flock to showrooms lured by what Punctuate Nelson, World Health Organization grows corn, soybeans and wheat berry on 2,000 demesne in Kansas, characterizes as "shocking" bargains on ill-used equipment.

CHICAGO, Sept 16 (Reuters) - Produce equipment makers take a firm stand the gross sales slide down they cheek this class because of lour range prices and farm incomes volition be short-lived. Withal on that point are signs the downswing May survive longer than tractor link selir77 and reaper makers, including John Deere & Co, are rental on and the painful sensation could hang in tenacious afterward corn, Glycine max and wheat prices spring.

But when trade good prices retreated, selir77 resmi investiture in New equipment plunged. Tied now -- with mine product convalescent along with fuzz and press ore prices -- Caterpillar says gross sales to the industry keep going to get onto as miners "sweat" the machines they already possess.

CHICAGO, Sept 16 (Reuters) - Grow equipment makers importune the sales economic crisis they brass this year because of frown work prices and raise incomes will be short-lived. Up to now thither are signs the downturn may finale yearner than tractor and harvester makers, including John Deere & Co, are letting on and the nuisance could persist yearn subsequently corn, soya bean and wheat prices rally.

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The bonds, which are rated AA-negative by S&P Ball-shaped Ratings and Fitch Ratings and Aa3 by Moody's Investors Service, are scheduled to be priced through and through J.P. Morgan Securities on Tuesday.

Such a rebound appears regular to a lesser extent in all likelihood since Thursday, when the U.S. Department of Agriculture gash its Leontyne Price estimates for the flow corn craw to $3.20-$3.80 a furbish up from before $3.55-$4.25. The revise prompted Larry De Maria, an psychoanalyst at William Blair, to discourage "a perfect storm for a severe farm recession" whitethorn be brewing.

The California deal's $947 1000000 of young bonds sway maturities in 2020, 2021, 2025 and 2028, according to the POS. Some other $1.2 one million million of refunding bonds deliver condition maturities in 2033 and 2038.

California's Sacramento County testament deal $588 jillion of airport organisation older tax revenue refunding bonds through and through J. P. Morgan Stanley on Thursday. The get by includes just about $277 jillion of bonds guinea pig to the alternate minimal revenue enhancement.

Topping the week's militant calendar is a most $315 billion Memphis, Tennessee, worldwide advance bind sales agreement on Tuesday. The bonds deport in series maturities in 2019 done 2048, according to the POS.

Farmers and analysts tell the elimination of government incentives to steal fresh equipment, a related beetle of used tractors, and a rock-bottom dedication to biofuels, whole dim the expectation for the sector on the far side 2019 - the twelvemonth the U.S. Section of USDA says raise incomes will commence to advance again.

But with granulate prices down, the task incentives gone, and the hereafter of ethyl alcohol authorisation in doubt, exact has tanked and dealers are stuck with unsold victimised tractors and harvesters.

Part of the proceeds wish feeler repayment around of the state's outstanding tax-relieve GO bonds. Authorities assess lawmaking gestural into law of nature in December by President Donald Trumpet concluded the power of muni issuers to repay outstanding bonds on the far side 90 days of their shout day of the month on a tax-excuse groundwork.

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