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14Dec

Tractor Sales Rebounding In AEM Report, Combines Booming In November

A new report from the Association of Equipment Manufacturers (AEM) is showing tractor sales are recovering. In the latest flash report, sales of all tractors in November were up 9 percent compared to November 2016, and sales saw a 5 percent increase. Double-digit gains were seen in the two-wheel drive, less than 40 horsepower tractors, but the most impressive gains were combine sales. “How long does a tractor last?” said Curt Blades, senior vice president of agriculture of AEM. “One more year. At...

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14Dec

California May Usurp Florida's Crown as U.S. Orange King

It’s been a miserable few years for Florida’s orange crop. And now to add insult to injury, California is gearing up to steal the sunshine’s state crown as the king of U.S. citrus production. After a decade of the citrus-greening disease devastating Florida oranges, Hurricane Irma smashed into groves this year, inflicting yet another blow to the crop. Farmers in the state are set to collect 46 million boxes of the fruit this season, the U.S. Department of Agriculture said Tuesday....

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13Dec

Search Warrants Served in Brazil Related to JBS Tax Probe

Federal police in Brazil served 14 search warrants on Dec. 11 associated with an ongoing bribery investigation involving the world's largest meatpacker JBS SA. Police shared with Reuters the warrants were served after JBS executives testified in a plea deal and suggested 160 million reais ($49 million) in bribes had been paid to speed up the release of tax credits to the meat packer. A statement from JBS claims the tax credits were "legitimately due to the company." The targets of the warrants...

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12Dec

Promising North Carolina Cotton Yields

According to the USDA, nearly all of the cotton crop has been picked, and now the gins are hard at work. In Red Springs, North Carolina, the Hoke Robeson gin reached its 50,000 bale mark for the season earlier in December. Workers are saying they anticipated ginning up to 7,000 more bales before 2017 is over. “It’s been a great harvest season, a great ginning season and everybody’s yields have been spectacular,” said Edgar Edens, a worker from Hoke Robeson. He said a lot...

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11Dec

Goldman Warns of U.S. NAFTA Exit as Negotiators Seek Small Wins

Investors remain on alert over the threat of NAFTA talks failing even as negotiators meet this week in Washington and seek minor victories on less contentious issues. The latest meetings to revamp the North American Free Trade Agreement will run through Friday, largely out of the spotlight. Cabinet-level officials won’t attend for the second time since negotiations began in August, and the Trump administration is preoccupied with efforts to push through tax cuts by year-end and avoid a government shutdown. The distractions...

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