DE Earnings
"USDA currently projects farm income in 2019 to reach $88 billion – the highest net farm income since 2014’s $92 billion, but still 29% below 2013’s record high. In addition, nearly 40% of that income – some $33 billion in total -- is related to trade assistance, disaster assistance, the farm bill and insurance indemnities and has yet to be fully received by farmers and ranchers (Is Farm Income Really Up?)."
Quote from- fb.org/market-intel/farm-bankruptcies-rise-again
This leads me to believe that we will see more negative news from Deere's earnings.
Since Oct 18 EPS has missed expectations.
Chickens don't require tractors. Yes it'll increase grain needs for the chicken to eat and what not, but how many brand new tractors do you need per chicken? If my numbers are correct, every 50 lbs of feed (which is only $15) feeds 4 chickens fully grown for a week.
Wheat is currently $5.1525 per bushel, or approximately $191.16 per acre.
Farmer's are broke unless they're growing hemp.
There was a spike in total revenue Q2
This is all speculation. Not advice.
Quote from- fb.org/market-intel/farm-bankruptcies-rise-again
This leads me to believe that we will see more negative news from Deere's earnings.
Since Oct 18 EPS has missed expectations.
Chickens don't require tractors. Yes it'll increase grain needs for the chicken to eat and what not, but how many brand new tractors do you need per chicken? If my numbers are correct, every 50 lbs of feed (which is only $15) feeds 4 chickens fully grown for a week.
Wheat is currently $5.1525 per bushel, or approximately $191.16 per acre.
Farmer's are broke unless they're growing hemp.
There was a spike in total revenue Q2
This is all speculation. Not advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.