There is money in farm country. At the moment.
One of the things I've learned tracking ag markets for many years: farmers will always find something to bitch about. I think it comes from a deep, almost subconscious, realization of how precarious their—and therefore civilization's—situation actually is.
From Reuters via Yahoo Finance, May 19:
Deere tops Q2 profit views on strong sales, raises annual income outlook
Deere & Co on Friday topped Wall Street profit expectations on strong sales of its tractors and precision agriculture equipment, and raised its net income forecast for the rest of the year as its order books remain robust.
Shares in the world's largest farm equipment maker were up 3.6% in premarket trading after the company reported a 36% rise in second-quarter profit.
Net income increased to $2.86 billion from $2.1 billion a year ago. Including this quarter, the heavy machinery manufacturer has beat earnings estimates for eight of the last nine quarters...
.....MUCH MORE
In pre-market trade the stock is up $13.48 (+3.64%) at $384.00.
