Machinery
Machinery Pete says sales of sprayers continue to impress him, but it’s a similar story with quality machines. “Good used equipment has been in demand since end of 2016, and I’ve been surprised at some of the prices we’ve been seeing on late model large stuff,” said Greg Peterson, Host of Machinery Pete TV. He says one factor becoming an even more important factor to buyers is warranties.
When U.S. Farm Report visited Hartley Feeders in 2015, the picture wasn’t as green. Sterling Profit Tracker showed in October 2015, feedyards were losing an average of $500 per head. Today, it’s a complete 180 degree difference with Sterling Profit Tracker showing for the week ending May 12th, feedyards saw $536 per head gains. With more attractive prices, feedyards are packed with lighter carcass weights.
This tractor brought the second highest price ever for a 1466.
This almost record-setting price is from an Ohio auction.
Since 2015, the two companies had an agreement being reviewed by the DOJ.
Cotton acres are climbing this year, with the U.S. Department of Agriculture (USDA) projecting acres to see a 21 percent jump. If that holds true, U.S. cotton farmers will plant 12.2 million all-cotton acres. In the Mississippi, cotton was once the staple crop, and this year, farmers are getting back into growing it in a big way.
Click through to search almost 200 for sale today.
As wheels begin to turn for spring fieldwork, this week’s price action may lend clues to our summertime outlook.
Our first look at fertilizer and farm fuels pricing for the week ended March 24, 2017.
Rains were not adequate enough last week to stabilize winter wheat crops in Kansas, Oklahoma and Texas.
Cotton acres are gaining momentum in Mississippi as price and yields point to a more favorable option for farmers this year. That’s also helping strengthen cotton equipment prices, a trend Machinery Pete is watching closely.
Cotton and pork sales were also highly impressive. Get more report highlights.
Revisions within food-at-home areas include poultry & eggs, fruits and vegetables.
Farmers have used glyphosate safely for decades, but in recent years anti-GMO activists have tried to target the product - aided by a sensationalist media - because it often works in harmony with biotechnology.
Urea failed to violate last year’s price and has actually softened this week. But the nitrogen margins suggest upside risk for the rest of the segment.