The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact are covered in the report.

The report discusses all major market aspects with an expert opinion on current market status along with historic data. This market report is a detailed study on the growth, investment opportunities, market statistics, growing competition analysis, major key players, industry facts, important figures, sales, prices, revenues, gross margins, market shares, business strategies, top regions, demand, and developments.

The Autonomous Tractors for Cereals & grains Market report provides a detailed analysis of the global market size, regional and country-level market size, segment growth, market share, competitive landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunity analysis, strategic market growth analysis, product launches, and technological innovations.

Source: Daintelo

The post Autonomous Tractors for Cereals & grains Market To 2027: Growth Analysis By Manufacturers, Regions, Types And Applications appeared first on North America FarmQuip Magazine.

Scheduled to be held from March 2-5, 2021, this year’s digital version of Commodity Classic is to deliver top-quality educational sessions and farmer networking opportunities that are hallmarks of America’s largest farmer-led, farmer-focused educational and agricultural experience.

“Commodity Classic is a one-of-a-kind event, and the farmer-driven efforts between and its event partners have the show positioned for sustained success,”

said John Rozum, AEM Director of Ag Events.

“AEM is proud to be involved with a show that’s uniquely positioned to shape the future of ag and help implement the steps necessary to ensure that future is a bright one for farmers and manufacturers alike.”

Participating sponsors at the 2021 Special Edition of Commodity Classic will showcase new products, services, and innovation through a variety of online presentations, educational sessions, and interactive discussions. Additionally, an impressive lineup of agriculture thought leaders, top-yielding farmers, agribusiness representatives, and Commodity Classic association leaders will be on the schedule.

Established in 1996, Commodity Classic is America’s largest farmer-led, farmer-focused educational and agricultural experience. The show is presented annually by the American Soybean Association, National Corn Growers Association, National Association of Wheat Growers, National Sorghum Producers, and AEM.

In 2019, it was announced AEM would continue its participation in Commodity Classic as a partner and member of the event’s management committee. A year later, AEM reaffirmed its commitment to the show by assisting in surveying both attendees and exhibitors to provide Commodity Classic’s Management Committee with accurate and impactful information to further drive the growth and development of the show.

This year, AEM is pleased to announce it will have the opportunity to present the results of a recently completed study on the environmental benefits of precision agriculture during an education session at the 2021 Special Edition of Commodity Classic. The study, which is supported by the American Soybean Association, CropLife America, and National Corn Growers Association, quantifies how widely available precision ag technology used in agriculture improves environmental stewardship while providing an economic return for farmers.

The registration fee for the 2021 Special Edition of Commodity Classic has waived for the first 5,000 farmers thanks to the generous support of sponsors. All other registrants and farmers after the first 5,000 will be charged $20. The registration covers all online educational sessions and events, as well as access to all archived sessions through April 30, 2021.

The 2022 Commodity Classic is scheduled to be held in New Orleans from March 10-12, 2022.

Source: AEM

The post AEM Publishes Commodity Classic 2021 Switches to Digital Version appeared first on North America FarmQuip Magazine.

About 580 farmers filed for chapter 12 bankruptcy protection in the 12-month period ended June 30, according to federal data. That was 8 percent more than a year earlier, though bankruptcies slowed slightly in the first half of 2020 partly because of an infusion of federal aid and hurdles to filing during the pandemic, according to agricultural economists and attorneys.

The pandemic has pressured prices for many commodities, squeezing farmers who raise crops and livestock, and prolonging a six-year downturn in the Farm Belt.

The Trump administration is expected to dole out a record $33 billion in payments to farmers this year, according to the University of Missouri’s Food and Agricultural Policy Research Institute. The funds, including those intended to help farmers hurt by trade conflicts and the coronavirus, would push government payments to 36 percent of farm income, the highest share in nearly two decades, the institute said.

“Agricultural markets have been horrible, and the pandemic exacerbated it, big time,”

said Paul Swanson, an Oshkosh, Wis.-based attorney. He said he has 40 open farm-bankruptcy cases, about a third more than last year.

Swanson said some clients who received federal coronavirus aid still wound up in bankruptcy.

“The cash came in, the cash came out,”

he said.

Before the pandemic, a global grain glut and foreign competition had pushed down agricultural prices. Trade disputes deepened the pain, drawing retaliatory tariffs from top buyers of U.S. farm commodities, such as China and Mexico.

Then the coronavirus hit, upending the U.S. food-supply chain. As restaurants closed, farmers plowed under thousands of acres of vegetables and dumped milk into manure lagoons. Corn prices plummeted as Americans stopped driving, cutting demand for ethanol. Prices for slaughter-ready cattle and hogs dropped as meatpacking plants that became virus hot spots slowed or halted production.

Hog farmers have lost nearly $5 billion in actual and potential profits for 2020, according to the National Pork Producers Council, a trade group. In California, agricultural businesses stand to lose as much as $8.6 billion, according to a study commissioned by the California Farm Bureau Federation.

Trade aid and coronavirus-relief payments are due to end this year. Agricultural economists say more farms could fold next year without additional support. Slow purchases from China and the pandemic’s persistence continue to weigh on demand for agricultural products.

If more aid isn’t extended, farm income is expected to fall 12 percent to $79.4 billion in 2021, according to the Food and Agricultural Policy Research Institute. Government payments would drop by half to less than $17 billion.

Congress is debating further financial support for farmers, and USDA could offer more aid from the $14 billion earmarked earlier this year to replenish the Commodity Credit Corp., a funding mechanism for agriculture.

Source: Farm Equipment Manufacturers Association

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