Farmers make part of there cropping decisions based of market prices which will produce income for them. So they have a a period of years of good prices for say soybeans, they gear up to produce that commodity, put it into their crop rotation then as the chart shows the rug is pulled out from under them as relates to China export market essentially drys up.......vaporizes into nothing. We become unreliable trade partners the trust of which took years to build up.Don't see this as a farmers fault , all they are doing is following market signals, until an unforeseen market collapse happens. This evaporation of a china export market affects Deere. Their new combine sales are down 37% in one year. Their stock valuation dropped 7 % in one day on 5/17/19. They will survive because of their many divisions like construction,lawn & garden, and billions in worldwide ag sales. Many farmers may not.
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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