Reading Time: 2 minutes According to FCC's 2024 outlook for the Canadian farm equipment market, new sales are projected to be softer in 2024 based on three factors: higher interest rates, elevated equipment prices and a decline in commodity prices.
Equipment sales expected to soften in 2024
Interest rates, equipment prices and commodity prices will all play a role, says FCC
Good, clean fun. The man behind #andyclean
What happens when an inside joke turns into a real business?
Reading Time: 11 minutes Business in 2023 is different. Sure, there are still the traditional paths. Some farmers still work hard to identify a market and then chart a methodical approach to launch a business into it. Others take up the mantle from their parents, as young farmers always have, finding ways as they do to add their own […] Read more
CNH Industrial beats profit estimates, confirms outlook despite recession fears
Reading Time: 2 minutes Milan | Reuters – Agricultural and construction machine maker CNH Industrial CNHI.MI beat estimates on Friday with a 14 percent rise in industrial operating profit in the second quarter and confirmed its full year outlook despite bracing for a global recession. “Whether we face a global recession in 2023 is up for debate, but we […] Read more
Bread and war: Farmers in the fight for Ukraine
Agriculture, being the most important industry in Ukraine, will play a large part in the war, a Ukrainian ag journalist writes
Reading Time: 5 minutes It is very difficult to explain what a person feels when they’re awakened at 5 a.m., when a rocket explodes near their house. That’s exactly what I experienced Feb. 24. The first thing I did was fill my car with gasoline. Then we bought a lot of products we thought we might need — medicines […] Read more
Pandemic border protests strand cattle and car parts
Reading Time: 2 minutes Ottawa | Reuters — Protests in Canada against vaccine mandates have disrupted two key U.S. border crossings, and are snarling hundreds of millions of dollars daily of trade, ranging from cattle to car parts. Demonstrations who at first demanded an end to federal COVID-19 vaccine mandates for cross-border truck drivers began Jan. 28 in the […] Read more
Time to hit ‘Print’ for that machinery part?
How about using your 3D printer to reproduce broken machinery parts? That capability is already here, and it’s getting better all the time
Reading Time: 4 minutes First, let’s get the name right. Until now, we’ve been calling it 3D printing. It’s a name that will probably stick around for a while, but those in the know are already calling it by its newer name, “additive manufacturing.” “The technology is far, far more user friendly and there are really good desktop printers […] Read more
A “manual” for the farm
Luke Sheppard’s lessons from 20 years at Deere
Reading Time: 5 minutes What do you get when a John Deere insider writes about business? Well, this is no run-of-the-mill self-help book. It’s designed and written just like that tractor service manual on your shop shelf. It’s packed with specific instructions, diagrams and spreadsheets, all designed to help the reader take logical steps and methodically correct problems or […] Read more
CNH Industrial bets on strong market to counter worst supply chain situation
Reading Time: 2 minutes Milan | Reuters – Italian-American vehicle maker CNH Industrial on Friday raised its revenue and free cash flow forecasts for this year, confident an industry cyclical upturn would help it offset a severe impact from supply chain constraints. “It’s the worst supply chain situation I’ve seen in my career,” Chief Executive Scott Wine told analysts. […] Read more
‘Essential’ travel rule fuzzy on farmers picking up parts, inputs
U.S. border officers will have final say on Canadian farmers' cross-border business trips
Reading Time: 3 minutes Whether Canadian farmers can continue to pick up machinery parts and other products for their operations in the United States is at the discretion of U.S. Customs and Border Protection officers. At 11:59 p.m. ET Friday, Canada and the U.S. temporarily restricted non-essential travel between the two nations to try and slow the spread of […] Read more
Machinery costs driving up fixed farming expenses
Reading Time: < 1 minute MarketsFarm — Fixed costs on farms continue to rise year-over-year, a statistic largely attributed to increasing land values and interest rates. At the beginning of 2019, Farm Credit Canada (FCC) reported farmland values across Canada increased by an average of 6.6 per cent during the previous year. But that’s not the main driver of fixed […] Read more
A message from April Stewart, Country Guide's Associate Editor
