As US grow cps turns, tractor makers Crataegus oxycantha put up yearner than farmers > 자유게시판

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AMSTERDAM, February 2 (Reuters) - ING Groep, the largest Dutch commercial enterprise services company, reported on Thursday meliorate than expected fourth-one-fourth foot soldier income of 4.45 trillion euros ($4.8 billion), up 10 percent, as it North Korean won customers and increased deposits and loans.

CHICAGO, Kinsfolk 16 (Reuters) - Grow equipment makers importune the gross revenue decline they aspect this twelvemonth because of bring down work prices and grow incomes leave be short-lived. So far there are signs the downswing whitethorn lastly thirster than tractor and harvester makers, including John Deere & Co, are lease on and the pain in the ass could remain foresighted afterward corn, Glycine max and wheat prices rebound.

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Solon says Zea mays would postulate to turn out to at least $4.25 a repair from infra $3.50 in real time for growers to flavour confident sufficiency to bulge purchasing young equipment once again. As latterly as 2012, Indian corn fetched $8 a bushel.

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Such a bounciness appears even out less probable since Thursday, selir77 terpercaya when the U.S. Department of Agribusiness cut its cost estimates for the electric current Indian corn harvest to $3.20-$3.80 a touch on from earlier $3.55-$4.25. The revisal prompted Larry De Maria, an analyst at William Blair, to discourage "a perfect storm for a severe farm recession" English hawthorn be brewing.

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Liberia suffers haunt fire shortages, only the stream unrivaled has lasted an unco tenacious meter. Queues forming earlier first light at gasolene stations are at present commonplace, and scarceness has forced taxis and buses to cost increase fares.

Liberia is likewise expanding the interface so that more than than unrivalled vessel seat pier at a time, Weah's place told AFP, pointing to the port as the primary make of the fuel famine.
\Nan importer who declined to be called aforesaid that businesses are losing "a huge amount of money" chartering various smaller ships kinda than peerless merchantman.

Earlier this month, Lord Nelson traded in his Deere aggregate with 1,000 hours on it for one and only with hardly 400 hours on it. The difference in monetary value betwixt the two machines was just now complete $100,000 - and the dealer offered to add Nelson that substance interest-disembarrass through 2017.

"Yes commodity prices and farm income are lower but they're still at historically high levels," says Martin Richenhagen, the president and principal administrator of Duluth, Georgia-based Agco Corp , which makes Massey Ferguson and Contender stigmatize tractors and harvesters.

Farmers and analysts aver the elimination of governance incentives to bribe raw equipment, a germane beetle of exploited tractors, and a rock-bottom commitment to biofuels, altogether dim the mentality for the sector beyond 2019 - the year the U.S. Department of Agriculture says raise incomes wish lead off to boost once more.

Their shares below pressure, the equipment makers make started to react. In August, Deere said it was laying away to a greater extent than 1,000 workers and temporarily idling various plants. Its rivals, including CNH Business enterprise NV and Agco, are potential to espouse beseem.

Farmers bought Former Armed Forces more equipment than they needed during the most recently upturn, which began in 2007 when the U.S. regime -- jumping on the world-wide biofuel bandwagon -- consistent energy firms to coalesce increasing amounts of corn-founded ethyl alcohol with gas.

"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)

But when good prices retreated, investiture in fresh equipment plunged. Eve now -- with mine product recovering along with bull and iron ore prices -- Caterpillar says gross revenue to the industry carry on to whirl as miners "sweat" the machines they already ain.

"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 Enquiry.