What will farm cash receipts and equipment sales look like for 2016-17? J.P. Gervais shares projections and insights on farm health from the report: FCC Ag Economics: Projecting 2016-17 Farm Receipts and Equipment Sales.
- Overall, farm cash receipts main driver of decision to purchase new farm equipment
- 2016 equipment sales predicted to be slower with possible rebound in 2017
- Encouraging farm income projections suggest market to turn corner and stabilize by end of 2016
- Strength of ag commodities, low interest rates, stable CAD - all factors that could trigger new market demand