US farmers have bulging silos as food prices continue collapsing. As a result, they are not only getting less cash when they sell, they do not even get any cash when they store the crop. As a result, demand for new agricultural machinery has become unaffordable. This will take its toll on CNH’s Q4 15 accounts and is unlikely to be much better in the next quarters.
25 Nov 2015
Farmers continue suffering from collapsing crop prices
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Farmers continue suffering from collapsing crop prices
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
25 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
US farmers have bulging silos as food prices continue collapsing. As a result, they are not only getting less cash when they sell, they do not even get any cash when they store the crop. As a result, demand for new agricultural machinery has become unaffordable. This will take its toll on CNH’s Q4 15 accounts and is unlikely to be much better in the next quarters.