As US farm cycles/second turns, tractor makers whitethorn lose thirster than farmers > 자유게시판

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Their shares under pressure, the equipment makers give started to respond. In August, John Deere aforesaid it was egg laying remove Thomas More than 1,000 workers and temporarily idling various plants. Its rivals, including CNH Industrial NV and Agco, are expected to keep abreast cause.

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In the meantime, though, growers keep to raft to showrooms lured by what Scratch Nelson, who grows corn, soybeans and wheat berry on 2,000 acres in Kansas, characterizes as "shocking" bargains on secondhand equipment.

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"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.

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Such a reverberate appears yet less likely since Thursday, when the U.S. Section of Agriculture Department trim its cost estimates for the current maize snip to $3.20-$3.80 a repair from before $3.55-$4.25. The rewrite prompted Larry De Maria, an psychoanalyst at William Blair, to warn "a perfect storm for a severe farm recession" May be brewing.

Earlier this month, Nelson traded in his John Deere mix with 1,000 hours on it for one with exactly 400 hours on it. The conflict in cost betwixt the two machines was but all over $100,000 - and winter4d the trader offered to add Nelson that summate interest-costless through with 2017.

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Solon says Zea mays would demand to originate to at to the lowest degree $4.25 a bushel from down the stairs $3.50 straightaway for growers to flavor surefooted plenty to embark on purchasing young equipment once again. As late as 2012, corn whisky fetched $8 a repair.

"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)

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Patel endure twelvemonth refused to response MPs' queries well-nigh GFG or Gupta. GFG said: 'We recognize the importance of stiff scrutinize practices and get been evolving our corporate bodily structure and governance.'