J.L.Farmakis Today - JLF

Tractor Pile Up - finally there is supply, but the economic returns have disappeared.

Focus: Too many tractors: As boom times fade, farm equipment piles up Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.

Listen in to this short report on cover crops - a trend we have tracked for years in the Farmer Speaks research. USDA cites the incentives as a key driver, but the data in our study shows a consistent trend among farmers toward adopting higher efficiency practices in managing nutrients in the soil, including planting cover crops.

Data Revelations Regarding Cover Crops Secure .gov websites use HTTPS A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Join us at our Regional Webinar on January 26, 1 p.m. Central for our Midwestern Farmer Panel. Our host will be Don Wick, broadcaster with the Red River Farm Network. We will highlight our guests over the coming days. Sign up using this link.

https://pages.services/webinar.consultmarch.com/jlf-webinar-series/

Great Dicamba article from FarmWeekNow.com

A breakdown of changes to the 2020 dicamba labels Table helps sort through pages of details to find differences with the old labels.

Despite the continuing challenges from 2019, farmers are growing more optimistic about the future according to the latest Farmer Speaks survey. Ask your JLF rep for details.

Our latest Farmer Speaks Survey predicted this trend. Ask your J.L. Farmakis representative to show you the entire survey.

U.S. JANUARY TRACTOR SALES UP 5%, COMBINE SALES DOWN 25%
Feb. 13, 2020

Source: Agri Marketing magazine

According to the Association of Equipment Manufacturer's monthly "Flash Report," the sale of all tractors in the U.S. in 2020, were up 5% in January compared to 2019.

For the year, a total of 12,580 tractors were sold which compares to 12,017 sold in 2019 representing an 5% increase for the year.

For the month of January, two-wheel drive smaller tractors (under 40 HP) were up 3% from last year, while 40 & under 100 HP were up 5%. Sales of 2-wheel drive 100+ HP were up 20%, while 4-wheel drive tractors were down 7%.

For the year, two-wheel drive smaller tractors (under 40 HP) are up 3% from last year, while 40 & under 100 HP are up 5%. Sales of 2-wheel drive 100+ HP are up 20%, while 4-wheel drive tractors are down 7%.

Combine sales were up 25% for the month. Sales of combines for the year totaled 198 compared to 262 in 2019, an 25% decrease.

Ask your rep about scheduling an appointment to review the Farmer Speaks research hot off the press.

Happy Holidays!
from all of us
at J.L. Farmakis, Inc.

It's Tuesday, so let's Meet a Member: J.L.Farmakis Today - JLF Account Manager Bob Brunker.

To participate in Meet a Member, please send NAFB a high-resolution headshot and complete this questionnaire: https://nafb.com/Meet_A_Member/Questionnaire

Happy 243rd Birthday America!