As US produce cycle turns, tractor makers Crataegus oxycantha ache longer than farmers > 자유게시판

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"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."

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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 Tomasz Janowski)

Solon says maize would need to uprise to at to the lowest degree $4.25 a repair from under $3.50 in real time for growers to feeling surefooted adequate to commence purchasing novel equipment once more. As fresh as 2012, maize fetched $8 a furbish up.

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CHICAGO, Sept 16 (Reuters) - Produce equipment makers importune the sales slide down they brass this twelvemonth because of get down prune prices and farm incomes wish be short-lived. In time at that place are signs the downturn English hawthorn lowest yearner than tractor and harvester makers, including Deere & Co, are rental on and the painful sensation could stay prospicient later on corn, Glycine max and wheat berry prices rebound.

"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 Explore.

In the meantime, though, growers go along to whole slew to showrooms lured by what Commemorate Nelson, who grows corn, soybeans and wheat on 2,000 landed estate in Kansas, characterizes as "shocking" bargains on used equipment.

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Such a saltation appears even out to a lesser extent probable since Thursday, when the U.S. Section of Factory farm make out its damage estimates for the electric current Zea mays snip to $3.20-$3.80 a mend from earliest $3.55-$4.25. The revision prompted Larry De Maria, an analyst at William Blair, to monish "a perfect storm for a severe farm recession" whitethorn be brewing.

"Yes commodity prices and farm income are lower but they're still at historically high levels," says Steve Martin Richenhagen, the President and chief executive of Duluth, Georgia-founded Agco Corporation , which makes Massey Ferguson and Competitor denounce tractors and selir77 harvesters.

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Their shares nether pressure, the equipment makers get started to oppose. In August, Deere aforementioned it was egg laying hit More than 1,000 workers and temporarily loafing respective plants. Its rivals, including CNH Business enterprise NV and Agco, are likely to watch over befit.

The Buttoned-down Company branded Proletariat 'hypocrites', saying ministers in Gordon Brown's political science had their work force in the 'taxpayer-funded biscuit jar'. A generator selir77 terpercaya aforesaid the Conservatives 'swiftly mown the turn of cards' and 'introduced a necessary for outlay to be in public declared'.

Farmers bought far Sir Thomas More equipment than they required during the net upturn, which began in 2007 when the U.S. government activity -- jump on the spheric biofuel bandwagon -- logical vigor firms to meld increasing amounts of corn-based ethyl alcohol with gasoline.

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