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U.S. farmers face harsh economics with record corn supplies in silos

Growers miscalculated when they held on to corn rather than booking sales, experts say

Farmers across the United States are kicking themselves for putting off corn sales after fields dried up in May and June, fueling expectations for higher prices and smaller harvests. Instead, prices tanked as rains saved the crop. The size and speed of the price collapse stung farmers and left their storage bins stuffed with record amounts of corn.



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Equipment sales expected to soften in 2024

Interest rates, equipment prices and commodity prices will all play a role, says FCC

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.