According to John Deere, “Aceinna has earned this award in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement.” Company employees accepted the recognition during formal ceremonies held on January 29 in Davenport, Iowa.

Aceinna is a supplier of high-performance inertial sensor modules to John Deere’s operation in Fargo, ND.

Suppliers who participate in the Achieving Excellence program are evaluated annually in several key performance categories, including quality, cost management, delivery, technical support and wavelength, which is a measure of responsiveness. John Deere Supply Management created the program in 1991 to provide a supplier evaluation and feedback process that promotes continuous improvement.

John Newton, Vice President for Inertial Products, said:

“We are honored to be recognized by John Deere for our 5^th straight year for the technical merits of our IMU and our focus on product quality and on-time delivery. This John Deere award further adds to the industry recognition that ACEINNA has earned over the last couple of years, positioning us as one of the industry leaders and innovators in the Autonomous Vehicles navigation and positioning space.”

Source: Aceinna

The post Aceinna Earns Recognition as a John Deere Partner-Level Supplier and Hall of Fame Supplier appeared first on North America FarmQuip Magazine.

Nearby futures prices for nearly all the major crops have dropped by double-digit percentages. Pushed down by a 40% plunge in ethanol prices, corn prices have fallen 15%. Soybean prices are down 10%, while the price for cotton, which is heavily dependent on foreign manufacturing capacity, sank nearly 30%. Buoyed by demand in the U.S. and China, wheat prices have declined only 3%.

On the livestock front, since the beginning of the year, both beef and pork futures prices have declined more than 30%. Milk futures prices have also fallen sharply, with the price for milk used to make cheese down 28% and the price for milk used to make nonfat dry milk falling by 34%.

AFBF President Zippy Duvall said:

“The resilience of farmers and ranchers has been nothing short of stunning, but we must not take for granted their ability to hold on with prices spiraling, taking all hope of breaking even with them. I stand by my assurance that our food supply remains strong, but America will have fewer farms and ranches supplying it unless USDA acts quickly to deliver aid and our economy is released from the grips of this pandemic soon.”

Dr. John Newton, American Farm Bureau Federation chief economist, said:

“The drop in demand is pushing the prices farmers would get paid for their crops to lows that may make it very difficult for them to justify putting another crop in the ground this spring. While the whole country is optimistic there is an end in sight, the question of when the economy will be healthy again is fueling further market uncertainty.”

“It’s worth noting that these prices are in no way tied to what shoppers pay in the grocery store. There are a lot of hands through which these commodities pass from the farm to the fork, so a drop in prices paid to farmers very rarely, if ever, translates into lower consumer prices immediately,”

Newton explained.

For more detailed information about futures prices, see this Market Intel article.

Source: American Farm Bureau Federation

The post American Farm Bureau Federation analysis Crop and Livestock Prices under COVID-19 Uncertainty appeared first on North America FarmQuip Magazine.