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 - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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