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Market and supply chain snapshot showing strains

Shifting consumer buying patterns and closed institutional venues has increased volatility in the food supply chain, resulting in misalignment of food supply and demand. Commercial demand is down leaving commercial processors and distributors with an inability to efficiently and economically serve retail markets resulting in surging prices for some goods while also prompting other goods like produce and milk to be thrown away.

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Trucking heading toward a reckoning, amid sick drivers and volatile markets

A report on the trucking industry commissioned by FEMA paints a stark portrait of an industry fraying at the seams, amid a rise in drivers contracting Covid-19 and wild market swings that are buffeting an industry dominated by mom-and-pop operations that could go under. “Unprecedented shifts in shipper demand among essential and non-essential businesses have challenged the freight system’s agility,” and “financial stress is now certain for most carriers and acute for those serving non-essential sectors.”

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WHAT DOES CORONAVIRUS MEAN FOR FARM EQUIPMENT MANUFACTURERS?

The agricultural equipment industry has a unique role to play as COVID-19 cripples the global economy and U.S. farmers head to the fields to plant. Through the Association of Equipment Manufacturers (AEM), the industry is urging the federal government to improve and streamline existing manufacturing programs in this time of crisis.

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U.S., China sign ‘Phase One’ trade agreement

The United States and China have reached an historic and enforceable agreement on a Phase One trade deal that requires structural reforms and other changes to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange.

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Kubota’s Consolidated Revenues Rise 7.1% in First 9 Months of 2019

For the first 9 months of 2019 ended Sept. 30, Kubota Corp. reported revenues increased by $888.2 million (7.1%) from the same period in the prior year to $13.5 billion. Domestic revenue increased by $534.4 million (13.7%) from the same period in the prior year to $4.4 billion. The company attributed the increase largely to a significant rise in revenue in Farm & Industrial Machinery.

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