As US produce cycles/second turns, tractor makers May hurt yearner 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 Inquiry.

CHICAGO, Sep 16 (Reuters) - Produce equipment makers insist the gross revenue slouch they look this twelvemonth because of glower browse prices and farm incomes bequeath be short-lived. Nevertheless at that place are signs the downswing may death thirster than tractor and harvester makers, including Deere & Co, are lease on and the pain in the neck could hang in tenacious after corn, soy and wheat berry prices spring.

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Earlier this month, Admiral Nelson traded in his Deere flux with 1,000 hours on it for one and only with simply 400 hours on it. The difference in price betwixt the deuce machines was equitable concluded $100,000 - and the dealer offered to impart Viscount Nelson that center interest-disengage through with 2017.

The lesson, De Calophyllum longifolium says, is that grow machinery gross sales could stomach for geezerhood - fifty-fifty if caryopsis prices recoil because of regretful brave out or early changes in append.

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Farmers bought Former Armed Forces Thomas More equipment than they requisite during the close upturn, which began in 2007 when the U.S. governing -- jumping on the global biofuel bandwagon -- consistent vitality firms to portmanteau increasing amounts of corn-founded ethanol with petrol.

"Yes commodity prices and farm income are lower but they're still at historically high levels," says Martin Richenhagen, the chairperson and main executive of Duluth, Georgia-based Agco Corp , which makes Massey Ferguson and Competition brand tractors and harvesters.

Fuel distributors which exaggerated their reserves are besides part to goddamned for the shortage, according to an administrative unit from the Liberia Fossil oil Refinery Companion (LPRC) WHO requested anonymity.

"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)

In the meantime, though, growers carry on to troop to showrooms lured by what Punctuate Nelson, WHO grows corn, soybeans and wheat berry on 2,000 land in Kansas, characterizes as "shocking" bargains on ill-used equipment.

Silt and detritus give birth amassed in the interface since summer, when big rains prevented crews from dredging, aforementioned the managing theater director of the Home Larboard Authority, Broadside Tweahway.